General European Strategic Investments Inc. Provides Update on Legal Developments in Slovakia
General European Strategic Investments (GESI) has initiated legal action through EuroGas GmbH against Rozmin s.r.o. and EUROTALC s.r.o. in the Municipal Court Bratislava III on November 11th, 2024. The lawsuit seeks to establish EuroGas's ownership rights in Rozmin, which was allegedly illegally taken by Austria's Schmid Industrieholding - Baumit Group in 2014. This legal action follows Rozmin's successful exit from bankruptcy in late 2023 and is part of broader efforts to address the alleged illegal expropriation of mining rights over the Gemerska Poloma talc-soapstone deposit in Slovakia. The company is also considering pursuing legal actions under the US RICO Act against various parties.
Gli Investimenti Strategici Europei Generali (GESI) hanno avviato un'azione legale tramite EuroGas GmbH contro Rozmin s.r.o. e EUROTALC s.r.o. presso il Tribunale Municipale di Bratislava III, l'11 novembre 2024. La causa ha lo scopo di stabilire i diritti di proprietà di EuroGas su Rozmin, che sarebbe stata illegalmente sottratta dal gruppo austriaco Schmid Industrieholding - Baumit nel 2014. Questa azione legale segue l'uscita vittoriosa di Rozmin dalla bancarotta alla fine del 2023 ed è parte di sforzi più ampi per affrontare la presunta espropriazione illegale dei diritti minerari sul giacimento di talco e scisti di Gemerska Poloma in Slovacchia. L'azienda sta anche considerando di perseguire azioni legali ai sensi del RICO Act statunitense contro varie parti.
Las Inversiones Estratégicas Europeas Generales (GESI) ha iniciado acciones legales a través de EuroGas GmbH contra Rozmin s.r.o. y EUROTALC s.r.o. en el Tribunal Municipal de Bratislava III el 11 de noviembre de 2024. La demanda busca establecer los derechos de propiedad de EuroGas sobre Rozmin, que supuestamente fue tomada ilegalmente por el grupo austriaco Schmid Industrieholding - Baumit en 2014. Esta acción legal sigue la exitoso salida de Rozmin de la quiebra a finales de 2023 y forma parte de esfuerzos más amplios para abordar la supuesta expropiación ilegal de los derechos mineros sobre el yacimiento de talco y soapstone de Gemerska Poloma en Eslovaquia. La empresa también está considerando iniciar acciones legales bajo la Ley RICO de EE.UU. contra varias partes.
일반 유럽 전략 투자(GESI)는 2024년 11월 11일 브라티슬라바 III 지방 법원에서 EuroGas GmbH를 통해 Rozmin s.r.o. 및 EUROTALC s.r.o.에 대한 법적 조치를 시작했습니다. 이 소송은 2014년에 오스트리아의 Schmid Industrieholding - Baumit 그룹에 의해 불법적으로 취득된 Rozmin에 대한 EuroGas의 소유권을 확립하기 위한 것입니다. 이 법적 조치는 Rozmin이 2023년 말에 파산에서 성공적으로 탈출한 후 이루어졌으며, 슬로바키아의 Gemerska Poloma 탈크-석회암 광산에 대한 불법적인 수용 문제를 해결하기 위한 더 넓은 노력의 일환입니다. 이 회사는 또한 여러 당사자에 대해 미국 RICO 법을 기반으로 법적 조치를 진행할 것을 고려하고 있습니다.
Les Investissements Stratégiques Européens Généraux (GESI) ont engagé une action en justice par l'intermédiaire d'EuroGas GmbH contre Rozmin s.r.o. et EUROTALC s.r.o. devant le Tribunal Municipal de Bratislava III le 11 novembre 2024. La plainte vise à établir les droits de propriété d'EuroGas sur Rozmin, qui aurait été illégalement pris par le groupe autrichien Schmid Industrieholding - Baumit en 2014. Cette action juridique fait suite à la sortie réussie de Rozmin de la faillite à la fin de 2023 et s'inscrit dans le cadre d'efforts plus larges pour traiter l'expropriation illégale présumée des droits miniers sur le gisement de talc et de soapstone de Gemerska Poloma en Slovaquie. L'entreprise envisage également de poursuivre des actions judiciaires en vertu de la loi RICO américaine contre diverses parties.
Allgemeine Europäische Strategische Investitionen (GESI) hat am 11. November 2024 durch EuroGas GmbH Klage gegen Rozmin s.r.o. und EUROTALC s.r.o. beim Bezirksgericht Bratislava III eingereicht. Die Klage zielt darauf ab, die Eigentumsrechte von EuroGas an Rozmin festzustellen, das angeblich 2014 illegal von der österreichischen Schmid Industrieholding - Baumit Gruppe übernommen wurde. Diese rechtlichen Schritte folgen auf den erfolgreichen Ausstieg von Rozmin aus der Insolvenz Ende 2023 und sind Teil umfassenderer Bemühungen, die angebliche illegale Enteignung der Bergbaurechte am Gemerska Poloma Talk- und Steinschiefervorkommen in der Slowakei zu klären. Das Unternehmen erwägt auch rechtliche Schritte gemäß dem US RICO-Gesetz gegen verschiedene Parteien.
- Legal action initiated to reclaim valuable mining rights for the Gemerska Poloma talc deposit
- Rozmin's successful exit from bankruptcy in 2023 enables legal proceedings
- No statute of limitations applies due to Rozmin's 10-year bankruptcy period
- Ongoing legal disputes create uncertainty and potential legal expenses
- Complex international litigation could result in prolonged resolution timeframes
- No immediate revenue generation from the disputed mining assets
Las Vegas, Nevada--(Newsfile Corp. - December 2, 2024) - GENERAL EUROPEAN STRATEGIC INVESTMENTS INC. (OTC Pink: GESI) (the "Company or GESI") provides update on legal developments in Slovakia.
building upon Rozmin s.r.o., (a materially key and related Slovak mining company of the GESI-EuroGas Group) successful exit from the Bratislava bankruptcy court in Slovakia in late 2023, legal action was formally initiated on November 11th 2024 by EuroGas GmbH (another related company of the GESI-EuroGas Group) against Rozmin s.r.o. and EUROTALC s.r.o. in the Municipal Court Bratislava III. Where EuroGas is seeking judicial acknowledgment of its ownership interest in Rozmin which was illegally stolen by Austria's Schmid Industrieholding - Baumit Group in 2014.
This action is the first of several legal proceedings that the GESI-EuroGas Group is planning to launch in its efforts to redress the alleged illegal expropriation of EuroGas Inc's previously owned mining rights over the world-renowned Gemerska Poloma talc-soapstone deposit, located in central Slovakia, one of the largest and purest talc ore-bodies in the world, previously owned by EuroGas Inc.'s Slovakian mining company Rozmin s.r.o..
The Company also wishes to highlight to its shareholders the important fact that since Rozmin was officially under bankruptcy for more than 10 years and only emerged from such a process in summer 2023, there were no statute of limitations running during this entire period. The November 11th 2024 legal action initiated in Slovakia has now interrupted and/or formally stopped any limitation period in any statute of limitations.
In light of massive evidence having discovered through the reorganization of Rozmin, GESI-EuroGas's legal team has also recommended the pursuit of all legal actions available under the US Racketeer Influenced and Corrupt Organizations Act (RICO-Act) against the accused and its financiers and backers, including anonym users having used the internet with threats against GESI-EuroGas Inc. and its directors and management.
Wolfgang Rauball, GESI's CEO, stated, "We are very pleased with the achievement of this important milestone and we are looking forward to updating our shareholders and affiliated stakeholders more frequently in the months ahead. We remain highly confident that international justice will soon prevail and that our tireless efforts will be financially rewarded."
Forward-Looking Statements:
This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Such statements include any that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate", "project", "intend", "forecast", "anticipate", "plan", "planning", "expect", "believe", "likely", "should", "could", "would", "may" or similar words or expressions. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the Company's actual results and financial position to differ materially from those in such statements, which involve risks and uncertainties, including those relating to the Company's ability to grow. Actual results may differ materially from those predicted and any reported should not be considered an indication of future performance. Potential risks and uncertainties include the Company's operating history and resources, together with all usual and common economic, competitive, and equity market conditions / risks.
Contact:
Robert Seguin, V.P., Investor Relations
General European Strategic Investments Inc.
Robert.Seguin@gesi-usa.com
Please follow GESI on Twitter, Facebook, LinkedIn and Instagram.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/232094
FAQ
What legal action did GESI initiate in Slovakia on November 11th, 2024?
What is the Gemerska Poloma deposit that GESI is fighting for?
When did Rozmin s.r.o. exit bankruptcy proceedings?
