Important Victory in the Canadian Royalties Case

Langlois Kronström Desjardins acted as lead counsel in a major commercial dispute between two mining companies (Canadian Royalties et Nearctic Nickel Mines) involving the vesting of ownership in a mining property under to the terms of an option-joint venture agreement. The final decision of the arbitrator canvasses complex factual and legal issues related to mining project finance and option-joint venture agreements in common use in the mining industry and, as such, constitutes one of the few global precedents on the subject.

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Another Victory in the Supreme Court

On January 29, 2009, the Supreme Court of Canada refused leave to appeal a decision of the Court of Appeal of Québec rendered in favour of Langlois Kronström Desjardin’s clients, Glenn Mullan and Bruce Durham, two directors of Canadian Royalties Inc.

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