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78.0¢ avz minerals limited

Ann: AVZ Successfully Restrains Cominiere, page-44

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defenceboy

46 Posts.

17/11/23

12:01

Post #: 70960481
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Originally posted by Senseightynine: ↑

can someone explain how Cominiere are legally obliged to pay this daily penalty? Who is it payable to? The ICC?

How likely is it that they will actually pay this, therefore care about the penalty? If they do pay, could it be seen as a cost of business for Zijin, which no doubt have the pockets to pay this penalty until AVZ cash reserves run dry at which point AVZ's legal offensive would taper off?

Just playing devil advocate.

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At the end, it will the DRC government who will pay. If they will be unable to pay, then court can rule to confiscate any property/assets belongs to DRC government like ships/aeroplanes/buildings overseas to recover the cost.

Last edited by defenceboy: 17/11/23

AVZ Price at posting: 78.0¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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