Lydian International Limited (Re), 2020 ONSC 4006 - CV-19-00633392-00CL - 10 July 2020
Country
Year
2020
Summary
[5] The Applicants are three entities at the top of the Lydian Group. The Lydian Group owns a development-stage gold mine in south-central Armenia through its wholly owned non-applicant operating subsidiary Lydian Armenia. The Applicants contend that they have been unable to access their main operating asset, the Amulsar mine, since June 2018 due to blockades and the associated actions and inactions of the Government of Armenia (“GOA”), and as a result, this has prevented the Applicants from completing construction of the mine and generating revenue in the ordinary course.