| April
25 2004
Legal fees for tribunal process could cost US$5M
Stabroek News
Guyana 's
prosecution of its case before the arbitral tribunal appointed under
the provisions of the United Nations Convention on the Law of the
Sea could cost up to US$5 million in legal fees.
Suriname
estimates
that the legal fees could run to as much as US$10 million for both
countries, exclusive of travel costs for the legal team and support
personnel.
A
Guyana
government
official has told Stabroek News that the cost could be approximately
US$5 million. At his April 2, press conference, President Bharrat
Jagdeo said that CGX
, the
Canada-based oil exploration company whose oil rig Surinamese navy
boats forcibly ejected from its drilling position in Guyana
's exclusive
economic zone, will meet part of the country's legal bill.
Sources
knowledgeable about the process have told Stabroek News that the
sum of US$1 million would have to be paid to the lawyers for the
hearing of Guyana
's application
for provisional measures. The provisions being sought include exploration
for hydrocarbon resources in the disputed area and a ban on harassment
by Suriname of Guyanese fishermen operating in the Corentyne
River
.
The
remainder would be billed for the preparation of the substantive
hearing of the case which officials hope could be decided in about
three years' time, a not unrealistic estimation given that there
are not many disputes to be decided under the process.
Guyana
referred its maritime dispute for a legally binding decision under
the UN arbitral process on February 24 and Jagdeo told Surinamese
journalists, according to a Government Information Agency (GINA)
release, that Guyana's decision to do so "came after 15 years"
of trying to encourage Suriname to enter into arrangements of a
practical nature to share the offshore resources.
The
GINA release also said that in his conversation with the Surinamese
journalists, Jagdeo referred to the agreement Guyana and Suriname
had reached in 1989 that led to the Memorandum of Understanding
signed in 1991, and pointed out that Suriname could not act as if
the agreements did not exist and at the same time wish to benefit
from provisions which it views as favourable to it.
It
said Jagdeo reiterated that once Suriname
abrogated
the agreements, Guyana
could
not consider itself bound by them. This was in response to a question
as to why Guyana
issued
a concession to CGX
without
consulting Suriname
.
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