Australia's largest stock trading and investment forum Australia's #1 stock forum

He'll bankrupt Victoria, page-68

First 68 Last

Share
Profile

Follow
Alan Partridge

18,601 Posts.

4

20/01/15

21:10

Post #: 14612817
Share

Originally posted by moondoong ↑

"with poison pill clauses"

I havent read the contracts but I doubt there would be anything such as that in there.

Any contract can be suspended or terminated by either side for all sorts of reasons, but there will be a damages claim lodged by the injured party. Things that could form the quantum of a claim would include;
Costs incurred to date, equipment purchased or leased, property like offices, laydown areas etc purchased or leased, design work, engineering and consultants fees, loss of opportunity, loss of profit etc. etc.

A lot of lawyers are going to make a lot of money out of this saga. The loser is going to be the taxpayers of Victoria.

As for Andrews saying he would pass legislation to negate the contract or negate or cap compensation costs, this would be almost unprecedented and because there are international companies involved, if they try this, then this case will be going all the way to the High Court.

Who is on the state government panel for legal services? Might be a good time to buy shares in them if they are listed, because they are about to get A LOT of work.

Expand

Taxpayers to be hit with $1.1b compensation bill if East West Link scrapped: Coalition

http://www.abc.net.au/news/2014-11-...h-1-1b-compensation-bill-if-east-west/5916254

I'd call that a poison pill.
Upvote

Reply

First 68 Last