Ann: TAFTA Update, page-26

1) Extension of Deferral: The arbitral award related to the dispute between Kingsgate and Thailand will continue to be deferred until September 30, 2024. This means no immediate resolution or enforcement action will take place until that date.

2) Ongoing Negotiations: The extension indicates that both parties are actively negotiating and seeking an amicable resolution to the dispute. This suggests a willingness on both sides to settle the matter without escalating to formal arbitration proceedings.

3) Positive Signal: The joint agreement to extend the deferral can be seen as a positive development, implying progress in the negotiations and a mutual desire to resolve the issue in a manner satisfactory to both parties.

Overall, this update implies that while the dispute remains unresolved, there is a cooperative effort underway to find a solution outside of the arbitral process.


RSK & JG adapted to the THAI CLOCK... NICE