Lupaka Provides Further Update on Arbitration Claim Against the Republic of Peru
Lupaka Provides Further Update on Arbitration Claim
Against the Republic of Peru
VANCOUVER, BRITISH COLUMBIA February 4, 2021 – Lupaka Gold Corp. ("Lupaka"
or the “Company") (TSX-V: LPK, FRA: LQP) provides an update on progress with its
international arbitration claim against the Republic of Peru.
After a number of minor delays due to the holiday period and the required sourcing of
available candidates with the agreed profile, the International Centre for Settlement of
Investment Disputes (ICSID) has provided a final list of candidates for the third and final
arbitrator to chair the Tribunal.
With this list complete, the parties will indicate their preferences and ICSID will then
make the final decision as to the third arbitrator within the next few weeks. Please note
that Lupaka and the Republic of Peru have previously appointed their respective
arbitrators. Once the chair is appointed, the Tribunal’s initial steps will be to organize the
procedural rules and calendar for the remainder of the proceedings.
For ongoing updates with respect to the arbitration, please refer to the Company’s
website (www.lupakagold.com/projects/arbitration).
For background on the basis for the arbitration please refer to the Company’s previous
news releases, also available on the website (www.lupakagold.com/news/#2020).
With respect to the arbitration proceedings, Lupaka is represented by the international
law firm, LALIVE (www.lalive.law), and has the financial backing of Bench Walk Advisors
(www.benchwalk.com).
Neither the TSX Venture Exchange nor its Regulation Service Provider (as the
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy of this news release.
About Lupaka Gold
Lupaka is an active Canadian-based company focused on creating shareholder value
through identification and development of mining assets.
About Bench Walk Advisors
Bench Walk Advisors is a global litigation financier with over USD 250m of capital
deployed across in excess of 100 commercial cases. Bench Walk and its principals
have consistently been ranked as leading lawyers and litigation funders in various global
directories.
About LALIVE
LALIVE is an international law firm with offices in Geneva, Zurich and London, that
specializes in international dispute resolution. The firm has extensive experience in
international investment arbitration in the mining sector, amongst others, and is currently
representing investors and States as counsel worldwide.
FOR FURTHER INFORMATION PLEASE CONTACT:
Gordon Ellis, C.E.O.
Tel: (604) 985-3147
or visit the Company’s profile at www.sedar.com or its website at www.lupakagold.com