AZL 7.14% 1.5¢ arizona lithium limited

“If we have a disagreement, I can sue you but you can’t sue...

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    “If we have a disagreement, I can sue you but you can’t sue me.”

    Would you sign a contract if the other party demanded that be one of the terms?

    That’s one of the problems when doing business with Native American enterprises. They have sovereign immunity, a legal concept that goes back to medieval English history. For example, the Navajo Nation has the same status as the United States federal government. It cannot be sued, unless it legislates permission for certain cases to be brought in court.

    Apparently AZL has (or is still expecting) a limited waiver of sovereign immunity from NTEC, although the nature and degree of it is extremely opaque. Of course, what could go wrong? It’s a perfect world here in Arizona, where everyone avoids business disputes. Just look at Bradda Head.
 
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