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Almambet Shykmamatov: "We expect a fair decision of the case on arrest of 60% shares of Kyrgyzaltyn JSC in Centerra"

"We expect a fair decision of the case on the arrest of 60% shares of Kyrgyzaltyn JSC in Centerra Gold Inc. by the Ontario Superior Court of Justice," Minister of Justice of Kyrgyzstan Almambet Shykmamatov said today at Kabar Agency.

The Canadian Court in Ontario seized in order to provide decision of the Moscow Arbitration Court. Moscow Arbitration Court ruled in favor of the Canadian mining company Stans Energy Corp. And now Economic Court in Minsk confirmed that arbitration at the Moscow Chamber of Commerce could not hear the case because it is not within its jurisdiction. We have filed in the Court of Arbitration in Russia and believe that really it will take a fair decision," said the head of the Ministry of Justice.

In October of this year at the request of Stans Energy Corp. the Ontario Superior Court of Justice prohibited the Kyrgyz Republic and Kyrgyzaltyn JSC from selling, disposing, exchanging, assigning, transferring, pledging or encumbering 47,000,000 shares in the capital of Centerra Gold Inc.

Original url : kabar.kg

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