UCL ucl resources limited

gotta hate that lmorg

  1. 8,389 Posts.
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    lol clown

    anyway, nothing really new in here at first quick glance, but the following should be noted ....

    "Union is currently preparing to resolve the dispute through negotiation and, if required, ultimately by arbitration hearings to be held by the International Chamber of Commerce. The Company is preparing for both eventualities.

    The Company is pleased to advise that on 16 January 2007 it received advice from the Ministry of Economics and Finance in Iran that Union’s investment in the Project up to March 2006, totalling US$14 million, has been independently reviewed and approved by the Ministry of Economics and Finance and is now protected in Iran from expropriation under the Foreign Investment and Protection Act."

    I'd love to see IMIDRO take on the Ministry ..... lol
 
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