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The first session was held with the Tribunal on April 23, 2010 with several procedural matters agreed to, including the tentative time schedule for the Arbitration.
−Removed: The filing of our claim is planned for September 2010.
+Added: The filing of our initial written submission, known as the Memorial, is planned for September 2010.
The Canada-Venezuela Treaty requires as a precondition to bringing an arbitration claim under the Treaty that an investor and any enterprise the investor owns directly or indirectly that has suffered losses that form the basis of a claim by the investor to "waive[ ] its right to initiate or continue any other proceedings in relation to the measure that is alleged to be in breach of [the Treaty] before the courts or tribunals of the Contracting Party concerned or in a dispute settlement procedure of any kind."
16 unchanged sentences
The Company recently added two additional defendants and amended the claim for monetary damages.
−Removed: This amendment required a motion which has now been consented to by the new defendants counsel.
−Removed: The defendants have 60 days to file their defense.
−Removed: The risk factors for the quarter ended March 31, 2010 are substantially the same as those disclosed and discussed in Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2009.
+Added: The risk factors for the quarter ended June 30, 2010 are substantially the same as those disclosed and discussed in Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2009.
UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS - None
2 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.