I read Axiom's statement again after reading CJ's comments.
The main arguing point is the validity of the land registration. Comments 6 and 11.
"There never was a registration, the land is still customary land. In any event even if I am wrong and it is somehow registered land, given the timing of the registration of the perpetual estate and the lease to Axiom it is difficult to see how the latter can say it was not aware of the problems."
"Axiom which may result in prejudice or harm to the landowning claimants but the exclusion from the land by all those entitled in custom to have full and free access to it according to custom. Given the importance of land in custom it is extremely difficult to see how the interference could be compensated for by damages."
It seems that CJ suspected the validity of the land registration but there is no clear evidence. I don't understand how could he made presumption such as "even if i am wrong"
"Our position is reinforced by the deficiencies of Sumitomo?s evidence" from Axiom' statement.
It is very easy to suspect/assure something but to prove is very difficult. I reckon this might be the reason that Axiom expected to finish the case ASAP.
Just my 2 cents
AVQ Price at posting:
3.1¢ Sentiment: Hold Disclosure: Held