Sichenzia Ross Ference LLP Acts as General Counsel in Rusoro Mining Limited’s $1.28 Billion Settlement with Venezuela

Press Release – New York, NY – October 15, 2018 – Sichenzia Ross Ference LLP announced today that it acted as general counsel for Rusoro Mining Limited (TSX-V: “RML”) in its $1.28 billion settlement with Venezuela after the government’s 2011 expropriation of Rusoro’s gold mining properties in the country.

The Firm advised Rusoro on strategy throughout the arbitration and coordinated between the company’s various representatives during the arbitration and enforcement. Sichenzia Ross is also arranging the payment of the settlement, which will be disbursed over a period of five years. Venezuela’s first $100 million payment to Rusoro is to be made by November 15, 2018.

The Sichenzia Ross Ference LLP team was led by Partner Jay Kaplowitz and Associate Huan Lou.

Sichenzia Ross Ference LLP

Sichenzia Ross Ference LLP is a full service law firm with a nationally recognized corporate, securities and litigation practice that provides experienced representation in all matters involving the securities industry.  In addition to handling routine to complex commercial matters, SRF’s renowned litigation department specializes in defending companies and individuals against all types of securities cases, including class action lawsuits, shareholder derivative actions, and matters involving allegations of fraud, misrepresentation or other securities violations.  The litigation team has also brought defamation lawsuits against companies and individuals related to market manipulation.  Additionally, it represents individuals and companies in investigations by the Securities and Exchange Commission (SEC) and other regulatory bodies.  The litigation team has a robust practice representing brokers and broker-dealers in arbitrations before the Financial Industry Regulatory Authority (FINRA).  These arbitrations typically involve claims of unsuitability, churning, unauthorized trading and other allegations of broker misconduct.  Finally, SRF has a burgeoning expungement practice, where it represents brokers seeking to have negative and harmful customer complaints removed from their industry records.  The firm complements its core practice areas with an established commercial real estate and trusts and estates practice.

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