Gold Reserve Wins Appeal at Portugal Supreme Court

  • PEMBROKE, Bermuda--(BUSINESS WIRE)--Gold Reserve Ltd. (TSX.V: GRZ) (OTCQX: GDRZF) (“Gold Reserve” or the “Company”) is pleased to announce that in a recently published decision, Portugal's Supreme Court upheld a decision recognizing the Company's 2014 international arbitration award (the “Award”) against the Bolivarian Republic of Venezuela (“Venezuela”) and rejecting the state's sovereign immunity and public policy defenses. The total amount owed by Venezuela under the Award, inclusive of inte.