Just for some, this proceedings against AVZ have no basis, as mentioned by some, AVZ are not the ones that this other Co.'s issue is with. AVZ are yet to own any part of anything.
But more so they have no basis going to the Australian Courts.
6.3 At the heart of all the issues about the conduct of international litigation is the question of sovereignty. In general terms remedies ordered by an Australian court are only enforceable within Australia and its territories. The courts and administrative agencies of other nations are similarly constrained. Their remedies are generally only enforceable within their own territory.
AVZ Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held