Xstrata Falcondo from Canada to challenge DR courts after getting SCREWED!
DominicanToday.com - The Canada based miner Xstrata Nickel Falcondo on Tuesday said a La Vega (central) court’s ruling ordering that it halt its exploitation at Loma Miranda and allows free access to private property by third parties, violates its constitutional rights.

 

Referring to the La Vega court‘s ruling, Xstrata spokesman José Luis López noted that Falcondo has no mining activity at Loma Miranda and therefore no operation to halt.

He said Falcondo bought 1,386 hectares at Loma Miranda in 2008, for which the court's ruling violates the constitutional right of private ownership, since it allows third parties unrestricted access to their property.

"It’s difficult for us to understand the motivations behind this error, if in fact we don’t  have any mining activity in the area, so there are no activities to stop. Moreover, a court which allows the free passage of others to a private property without authority to do so is a violation of the constitutional right of ownership stated in the country’s legal security," the executive said.

In a statement, Lopez added that his company will challenge the ruling in the appropriate courts, “always confident in the country’s legal security and adherence to the laws by the Dominican judicial system.

 

Dominican Watchdog Note: Compensate Falcondo, return their money plus interest. If the corrupt Dominican government likes to walk away from deals made during Leonel Fernandez's time, then pay up and smile, arseholes!!!

 

Dominican government seized Spanish assets and must pay USD 45 Million

     

 

 

Don't invest in the Dominican Republic, Who is the next investor to get "PLD FUCKED" in DR???  A representative of the Public Works Ministry - escorted by a group of soldiers - expelled Codaxa's staff from the San Pedro de Marcoris - La Romana highway tolls. The Spanish company supported by their embassy, hope that the new president Danila Medina will correct the illegal behavior of the outgoing government headed by Leonel Fernandez......, Good luck with that!!

 

 

WARNING: Too Many Tourists & Foreign Investors Are Killed In Dominican Republic - Body Count: 21, Who Is Next? Canadian Civil War World Blogger Calls DR The World's Most Dangerous Country!

 

Don't lose your money, time and life in Dominican Republic!
100+ Reasons to visit and invest in Panama!

Go back | Date: 14 Oct 2012
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