Procedural Status

  • December 9, 2013: South American Silver Limited requested the Permanent Court of Arbitration to act as the appointing authority to facilitate the appointment of the Presiding Arbitrator

  • November 29, 2013: The appointed Arbitrators like kelheim.sk and el-motor.sk could not reach an agreement within the UK-Bolivia Treaty prescribed deadline to appoint a 3rd Arbitrator to preside the Arbitral tribunal

  • October 30, 2013: The Secretary-General of the Permanent Court of Arbitration rejects the challenges to both Arbitrators and ratifies their respective appointments

  • July 12, 2013 to September 20, 2013: South American Silver Limited and Bolivia challenged each other's Arbitrator's appointments and the Permanent Court of Arbitration is invited by the parties to decide on the challenges. A procedural order and calendar is issued by the Permanent Court of Arbitration for the parties to make further submissions and comments prior to the Permanent Court of Arbitration to decide on the challenges

  • June 28, 2013: Bolivia files Response to the Notice of Arbitration and appoints Arbitrator.

  • June 4, 2013: The Permanent Court of Arbitration in The Hague acknowledges receipt on May 31, 2013 of instruction by the parties to act as appointing and administrative authority for the arbitration.

  • May 23, 2013: South American Silver enters into an agreement with a third-party litigation funder. The funding will cover the Company's future costs and expenses related to the international arbitration. The funding is on a non-recourse basis and includes costs and expenses of the enforcement of any award rendered by the arbitral tribunal.

  • April 30, 2013: The Company files International Arbitration

  • April 23, 2013: The cooling-off period ends

  • March 4, 2013: South American Silver Limited responded to the letter received on February 21, expressing its willingness to meet but subject to certain conditions

  • February 21, 2013: The Government of Bolivia finally responded to the 5 letters sent by the Company. The Bolivian Government requested a meeting with South American Silver Limited representatives on April 17, 2013 to discuss a potential amicable resolution to the dispute

  • February 14, 2013: South American Silver Limited delivered the 5th letter to the Bolivian Government reiterating its willingness to resolve the dispute amicably

  • January 16, 2013: South American Silver Limited delivered the 4th letter to the Bolivian Government reiterating its willingness to resolve the dispute amicably

  • December 12, 2012: South American Silver Limited delivered the 3th letter to the Bolivian Government reiterating its willingness to resolve the dispute amicably

  • October 23, 2012: South American Silver Limited delivered a formal letter to the Bolivian Government notifying it of the investment dispute under the UK-Bolivia Treaty. Notification of the investment dispute triggered a six-month cooling-off period during which the disputing parties may negotiate a settlement. The cooling-off period expires on April 23, 2013

  • September 13, 2012: The Company retained a leading global financial advisory firm to provide expert services to assess the damages suffered by the revocation of CMMK's mining concessions. The firm has vast experience as a damages expert in international arbitration and has special expertise in mining-related cases

  • September 4, 2012: South American Silver Limited delivered the 2nd letter to the Bolivian Government reiterating its willingness to resolve the dispute amicably

  • August 2, 2012: As per the recommendation of King & Spalding, the Company engaged one of Bolivia's leading law firms to act as co-counsel to King & Spalding. The firm also has extensive experience in investor-state arbitration as well as special expertise in Bolivian and international law

  • August 1, 2012: South American Silver Limited delivered the 1st letter to the Bolivian Government expressing its willingness to attend meetings with Bolivian Government representatives to resolve the dispute amicably

  • July 16, 2012: The Company engaged the international law firm, King & Spalding LLP, to act as lead legal counsel in any international arbitration proceedings against Bolivia. King & Spalding is a leading law firm with extensive experience in investor-state arbitrations, particularly in South America.


 

RECENT NEWS
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  • South American Silver Corp. and High Desert Gold Corporation Complete Plan of Arrangement
  • December 19, 2013
  • South American Silver Corp. and High Desert Gold Corporation receive final court approval for plan of arrangementDOWNLOAD PDF
  • December 9, 2013
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  • December 3, 2013
  • South American Silver Provides Corporate UpdateDOWNLOAD PDF
  • December 2, 2013
  • South American Silver Announces Appointment of New President and CEODOWNLOAD PDF