AVZ avz minerals limited

Ann: Arbitration Proceedings Update, page-5

  1. 813 Posts.
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    AVZ have updated the market which is the right thing to do, it shows the huge uphill battle they now have, but Jesus Christ there is a lot to unpack here. This is the biggest uphill battle for a company on the ASX I have ever seen. The lawyers will be the big winners here.


    ICC proceedings by Jin Cheng
    - Hopefully holders get an update shortly. This is a preliminary question which begs the question what more is to come?


    ICC proceedings against Cominiere
    - 3 member tribunal to hear this but no date given


    ICC proceedings by Cominiere and Jin Cheng
    - Panel of arbitrtors but no time frame


    Dathomir dispute
    - Two separate cases given the sale nature of both and governing laws. Dathomir trying to have Dathcom wound up


    ICSID proceedings
    - Gov't talks have failed and have been restarted but are being stifled



    Talk about bad actors within the DRC and corruption from top to bottom
 
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