November 6th, 2013
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.