GESI

Gemerska Poloma – Arbitration Case (1) was caused by the Slovak Republic’s alleged illegal expropriation of EuroGas Inc. (1)’s previously owned mining rights in the world-renowned Gemerska Poloma talc-soapstone deposit, located in Central Slovakia, one of the largest and purest talc mines in the world. GESI through its subsidiaries ZB Capital AG and GESI HOLDINGS LLC of Wyoming USA, holds an 80%-interest in a potentially large Arbitration Award resulting from the International Arbitration proceedings of EuroGas Inc. (1), a Salt Lake City, Utah based US public company, against the Slovak Republic, a Full Member of the European Union. This is in addition to legal claims against Austria’s Schmid Industries Holding GmbH (SIH) and its Austrian banks, from a damage lawsuit to be commenced soon in the US Federal Court by EuroGas Inc.’s (1 & 2) US solicitors Baker McKenzie. EuroGas Inc.is claiming substantial damages up to $13 bn Euro.