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The sovereign is bound by the rule of law (in theory). Many...

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    The sovereign is bound by the rule of law (in theory). Many Petroleum Agreements have a waiver of sovereign immunity clause and associated dispute resolution clauses to protect investors so a sovereign can't always "do what hey want", even though it is their resource. DYOR. I am sure that ASIC would have an issue with a takeover by the mafia or Gypsy Jokers.
 
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