Goldgroup Resources v. Dynaresource De Mexico

994 F.3d 1181
CourtCourt of Appeals for the Tenth Circuit
DecidedApril 16, 2021
Docket20-1143
StatusPublished
Cited by24 cases

This text of 994 F.3d 1181 (Goldgroup Resources v. Dynaresource De Mexico) is published on Counsel Stack Legal Research, covering Court of Appeals for the Tenth Circuit primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Goldgroup Resources v. Dynaresource De Mexico, 994 F.3d 1181 (10th Cir. 2021).

Opinion

FILED United States Court of Appeals PUBLISH Tenth Circuit

UNITED STATES COURT OF APPEALS April 16, 2021

Christopher M. Wolpert FOR THE TENTH CIRCUIT Clerk of Court _________________________________

GOLDGROUP RESOURCES, INC.,

Applicant - Appellee,

v. No. 20-1143

DYNARESOURCE de MEXICO, S.A. DE C.V.; DYNARESOURCE, INC.,

Respondents - Appellants. _________________________________

Appeal from the United States District Court for the District of Colorado (D.C. No. 1:16-CV-02547-RM-KMT) _________________________________

Jason P. Kathman (Gerrit M. Pronske, with him on the briefs), Pronske & Kathman, P.C., Plano, Texas, for Respondents-Appellants.

Christopher M. Jackson (Christopher H. Toll, Marcy G. Glenn, and Kevin C. McAdam, with him on the brief), Holland & Hart, L.L.P., Denver, Colorado, for Petitioner - Appellee. _________________________________

Before TYMKOVICH, Chief Judge, KELLY, and PHILLIPS, Circuit Judges. _________________________________

KELLY, Circuit Judge. _________________________________

Respondents-Appellants DynaResource de Mexico, S.A. de C.V. and

DynaResource, Inc. (“DynaResources”) appeal from the district court’s confirmation of an arbitration award in Applicant-Appellee Goldgroup’s favor. We have

jurisdiction under 28 U.S.C. § 1291 and 9 U.S.C. § 16, and we affirm.

Background

This case involves a protracted dispute over a contract relating to a gold

mining operation in Mexico. Goldgroup is a subsidiary of a Canadian company with

a portfolio of projects in Mexico. DynaUSA, a Texas-based company, incorporated

DynaMexico specifically for the purpose of developing the San Jose de Gracia

property in the Sinaloa region of Northern Mexico. DynaUSA and DynaMexico

jointly comprise DynaResources.

In 2006, Goldgroup and DynaResources entered into an Earn In/Option

Agreement (the “Option Agreement”) which gave Goldgroup the right to earn up to a

50 percent equity interest in DynaMexico if Goldgroup invested a total of $18 million

in four phases over approximately four years. The Option Agreement provided for

the appointment of two Goldgroup representatives to DynaMexico’s board of

directors upon timely completion of the option. At that point, DynaMexico’s board

would be expanded to five members: two DynaUSA representatives, two Goldgroup

representatives, and a fifth member that DynaUSA and Goldgroup would agree upon.

The Option Agreement also established a three-person Management Committee

comprised of one DynaUSA representative and two Goldgroup representatives.

Most relevant here, the Option Agreement contains a dispute resolution

provision specifying that “[a]ll questions or matters in dispute under this Agreement

2 shall be submitted to binding arbitration . . . in Denver, Colorado under the Rules of

the American Arbitration Association (‘AAA’) by a single arbitrator selected by the

parties.” 4 Aplt. App. 1083. The Option Agreement also states that Mexican law

applies “in respect to the shares of DynaMexico and the acquisition thereof,” and that

venue and jurisdiction for any dispute under the Option Agreement would be in

Denver. 4 Aplt. App. 1081.

In 2011, Goldgroup exercised its option, became a 50 percent shareholder in

DynaMexico, and appointed two directors. However, before the parties could agree

on the fifth director, their relationship broke down due to a dispute over management

issues. DynaMexico has not held a board meeting since the dispute arose.

In 2012, DynaResources filed the first of numerous lawsuits between the

parties, suing Goldgroup in Texas state court (the “Texas Lawsuit”) for a variety of

tort claims. Goldgroup defended in part by arguing that DynaResources’s claims

were subject to arbitration.

In 2013, DynaUSA convened a DynaMexico shareholders meeting without

Goldgroup. At the meeting, the attending shareholders purported to issue new

DynaMexico shares to DynaUSA as repayment for a debt. The effect was to dilute

Goldgroup’s interest in DynaMexico from 50 percent to 20 percent. After obtaining

the meeting minutes, Goldgroup filed an action in federal court in Mazatlán, Mexico

(the “Mazatlán Lawsuit”). Goldgroup sought an annulment of the actions taken at the

meeting. The Mazatlán court awarded Goldgroup declaratory and injunctive relief

invalidating the issuance of the shares.

3 In March 2014, DynaResources dismissed the Texas Lawsuit. Goldgroup then

initiated arbitration in Denver to resolve the parties’ disputes under the Option

Agreement (the “Arbitration”). In its Demand for Arbitration, Goldgroup alleged a

number of claims, including breach of contract, breach of fiduciary duty, and civil

conspiracy. In May 2014, DynaResources filed suit in Colorado federal district court

to prevent the Arbitration from moving forward. The case was assigned to Judge

Krieger (the “Judge Krieger Lawsuit”). DynaResources raised the following

arguments: (1) the Arbitration should be stayed until the question of arbitrability is

resolved by courts in Mexico, and (2) the arbitration clause in the Agreement was

invalid because (a) the Option Agreement ceased to be effective after Goldgroup

exercised its option, (b) the claims at issue were not covered by the arbitration clause,

and (c) Goldgroup’s initiation of the Mazatlán Lawsuit constituted a waiver of its

right to arbitrate. DynaResources then asked the arbitrator to dismiss or stay the

Arbitration until either Judge Krieger or a Mexico court could rule on the validity and

scope of the arbitration agreement.

The arbitrator denied DynaResources’s request in Procedural Order No. 1,

ruling that (1) the arbitrator had authority to determine the arbitrability of

Goldgroup’s claims under the American Arbitration Association’s International

Centre for Dispute Resolution (“AAA-ICDR”) Rules, (2) at least some of

Goldgroup’s claims were arbitrable, and (3) the arbitrator had authority to determine

whether Goldgroup waived its right to arbitration.

4 Meanwhile, DynaResources filed a separate lawsuit against Goldgroup and the

AAA in federal court in Mexico City seeking essentially the same relief sought in the

Judge Krieger Lawsuit, i.e., an injunction of the Arbitration on the basis that the

arbitration provision in the Agreement was invalid or waived (the “Mexico City

Lawsuit”). Neither Goldgroup nor the AAA appeared in the Mexico City Lawsuit

and contend that they were not properly served.

In September 2015, Judge Krieger entered an order affirming the validity of

the Agreement’s arbitration provision (the “Judge Krieger Order”). The court

concluded that the only arbitrability issue for it to consider was DynaResources’s

contention that the Option Agreement automatically expired after it was completed,

thereby extinguishing the parties’ agreement to arbitrate disputes arising under the

Option Agreement. The court “reject[ed] that argument out of hand.” DynaResource

de Mexico, S.A. de C.V. v. Goldgroup Res., Inc., No. 14-cv-01527, 2015 WL

5693560, at *7 (D. Colo. Sept. 29, 2015). It concluded that at least some of

Goldgroup’s claims in the Demand for Arbitration were subject to arbitration. It

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994 F.3d 1181, Counsel Stack Legal Research, https://law.counselstack.com/opinion/goldgroup-resources-v-dynaresource-de-mexico-ca10-2021.