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ICJ’s decision on Guyana-Venezuela border controversy will be “binding”- Sir Shridath Ramphal

Guyana’s top legal adviser in the Guyana-Venezuela border controversy, Sir Shridath Ramphal, on Wednesday said  when a decision is taken by the International Court of Justice (ICJ), it would be binding. “The decision of the court will be binding,” he said. Speaking with reporters on the sidelines of the Guyana International Petroleum Business Summit and Exhibition (GIPEX) at the Marriott ...

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Venezuela obliged to respect World Court ruling on border controversy- Greenidge

Even as Guyana’s top advisors and legal team on Sunday already “mapped out the broad options” to take the border controversy with Venezuela to the International Court of Justice (ICJ),  Foreign Affairs Minister Carl Greenidge insisted that that Spanish-speaking nation would have to respect the decision by that United Nations (UN) judicial body. Although Venezuela is an original signatory to ...

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Canadian gold mining company willing to provide letter for World Court hearing on Guyana-Venezuela border controversy

A major Canadian gold mining company on Sunday said it would be willing to submit information to the International Court of Justice (ICJ), as evidence that Venezuela had objected to the establishment of a huge gold mine in the Essequibo region that is the subject of the territorial claim with Guyana. President and Chief Executive Officer of Guyana Goldfields, Scott ...

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GRA sticking to principles for assessing GTT’s tax debt; govt free to negotiate settlement

As the liberalisation of Guyana’s telecommunications sector awaits the settlement of a US$44 million tax dispute, the Guyana Revenue Authority (GRA) on Thursday vowed to stick to tax principles and said it was still awaiting more information from the telecoms provider. “As far as I know, GT&T has submitted information to me; I am now going through the information. I ...

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NBS to “safeguard” GY$59 million pension benefits to former CEO; denies persons were locked in unlawfully

The New Building Society Limited (NBS) on Wednesday said it would take steps to “safeguard” the GY$59 million in pension benefits paid by cheque to its former Chief Executive Officer, Maurice Arjoon who was dismissed as a result of a fraud probe. “While the Society paid over the said sum to avoid a confrontation, it will be taking steps to ...

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Several senior NBS officials arrested

At least six managers of the New Building Society (NBS) were Tuesday evening detained and taken to police stations in connection with alleged unlawful imprisonment of several persons at the financial instiution’s headquarters during the day. Four security guards- three employed by NBS and one by Professional Guard Service-were also arrested and taken to a nearby police station. Police are ...

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NBS pays Maurice Arjoon GY$59 million after stand-off

After a stand-off of several hours, the New Building Society (NBS) on Tuesday paid up a more than GY$59 million dollar dismissal judgement to former Chief Executive Officer of the New Building Society (NBS), Maurice Arjoon. Sources told Demerara Waves Online News that the cheque has been already written and handed over. High Court Marshals and Arjoon’ s lawyers descended ...

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Customers, police, High Court Marshal locked inside NBS headquarters; concerns raised about false imprisonment

Several customers, a High Court Marshal, lawyer and policeman were Tuesday afternoon among several persons locked inside the New Building Society (NBS) headquarters for several hours, raising concerns about alleged false imprisonment. Deputy Commander for ‘A’ Division of the Guyana Police Force, Senior Superintendent Wendell Blanhum said legal action was being contemplated. Blanhum told NBS lawyer, Ashton Chase that he ...

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BREAKING: High Court Marshals levying on New Building Society

High Court Marshals and police were Tuesday levying on the assets of the New Building Society (NBS), Guyana’s premier mortgage institution, to the amount of GY$59 million. That is in keeping with a High Court decision that former NBS official,  Maurice Arjoon, should be compensated for wrongful dismissal. Customers and other persons were prevented from entering the NBS headquarters after ...

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