Gabriel Resources announces resignation of the President of the Tribunal
Gabriel Resources Ltd. [...] announces that Ms. Teresa Cheng has tendered her resignation as President of the tribunal (“Tribunal”) appointed to hear and determine the Company’s ICSID arbitration claim against Romania (“ICSID Arbitration”). This follows the appointment of Ms. Cheng on January 6, 2018 as Secretary for Justice of Hong Kong. Following Ms. Cheng’s resignation, the Secretary-General of ICSID has notified the parties of a vacancy on the Tribunal and that the proceeding has been suspended in accordance with the ICSID Arbitration Rules until such time as the vacancy is filled. Gabriel has been advised that there is no set timeframe for the appointment of a successor to Ms. Cheng, whereupon the ICSID Arbitration proceeding shall continue from the point it had reached at the time the vacancy occurred. The Company will make further disclosure in this regard as matters progress.