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VANCOUVER, British Columbia, Dec. 16, 2024 (GLOBE NEWSWIRE) — Lupaka Gold Corp. has received… (“Lupaka” or the “Company”) (TSX-V: LPK, FRA: LQP) received an update from the arbitration panel regarding the Company’s ongoing arbitration claim against the Republic of Peru.
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In the update, the court indicated that work on the ruling has been continuing since the last update, and that completing the English text is approaching the final stage. Given the time required to finalize the transmission ruling in both procedural languages, the Court currently estimates that it will be in a position to transmit its ruling to the parties during the first quarter of 2025.
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Gordon Ellis (CEO) commented: “Although the amount of time the arbitration process has taken so far seems long, our legal counsel assures us that it is not abnormal. Given that it has been five years since the arbitration commenced, there is another two months to receive the arbitration. “The final ruling is a relatively short time frame to wait for the court’s ruling.”
For ongoing updates and further details regarding arbitration, please refer to the Company’s website (www.lupakagold.com/projects/arbitration).
For background information on the basis of the claim, please refer to the Company’s previous news releases, which are also available on the Company’s website (www.lupakagold.com/news/#2020).
Lubaka is represented in the arbitration proceedings by the international law firm LALIVE (www.lalive.law) and Boies Schiller Flexner (www.bsfllp.com), and is financially supported by Bench Walk Advisors (www.benchwalk.com).
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this press release.
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About Lubaka Gold
Lupaka is a Canada-based company focused on creating shareholder value by identifying and developing mining assets.
About Lalive
LALIVE is an international law firm with offices in Geneva, Zurich and London, specializing in the resolution of international disputes. The firm has extensive experience in international investment arbitration in the mining sector, among others, and currently represents investors and countries as counsel around the world.
About Boies Schiller Flexner
Boies Schiller Flexner is a firm of internationally recognized attorneys, crisis managers and strategic consultants known for creatively, aggressively and effectively striving to achieve successful outcomes for their clients.
About Bench Walk Consultants
Bench Walk Advisors is a global litigation finance firm with over $250 million in capital deployed across more than 100 commercial cases. Bench Walk and its directors have been consistently ranked as outstanding lawyers and litigation funders in numerous global directories.
For more information please contact:
Gordon Ellis, CEO
gellis@lupakagold.com
Phone: (604) 985-3147
Or visit the company profile at www.sedar.com Or its website at www.lupakagold.com
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