Global Gold Mining seeks to confirm arbitration award with Caldera Resources

By Noddy A. Fernandez | May 23, 2018

NEW YORK (Legal Newsline) – Two New York corporations allege a Canadian corporation failed to comply with an arbitrator's award.

Global Gold Mining LLC and Global Gold Corp. filed a complaint on May 17 in the U.S. District Court for the Southern District of New York against Caldera Resources Inc. seeking to confirm an arbitration award.

According to the complaint, the plaintiffs allege that in 2008, they began exploring the possibility of entering into a mining joint venture agreement with defendant to further explore and mine a property in Armenia that contained gold deposits. The suit states they executed a joint venture agreement in 2010.

The suit states that within several months, the parties came to disagree over whether the joint venture agreement ever became effective and an arbitrator determined that the agreement never became effective because the defendant allegedly failed to meet its obligations under the contract. 

The plaintiffs hold Caldera Resources Inc. responsible because the defendant allegedly failed to comply or fulfill the orders as set forth in the final award.

The plaintiffs seek for the final award to be confirmed by the court. They are represented by Jonathan B. Nelson and Solomon Frager of Dorf & Nelson LLP in Rye, New York.

U.S. District Court for the Southern District of New York case number 1:18-cv-04419-KPF

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Dorf & Nelson LLP U.S. District Court for the Southern District of New York

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