COS .... whats it mean?, page-45

Zipper,

FAR are shackled to their pony because they have nothing to lose it seems.

It's a non-equestrian event or "noise out to the side" if you like for COP who are an US$85 billion company & who recently won their own US$2 billion case against Venezuela at the ICC.

https://www.tankterminals.com/news_detail.php?id=5423

More than noise for WPL though and who could end up without a pony if this goes FAR's way & then be in a humiliating position of having to pay FAR the difference between the bargain price they paid to COP & todays actual value of the 35% stake.

I don't think the ICC will have to decide this and that at some point WPL will approach FAR for a negotiated settlement.

"Arbitration - Under the ICC Rules of Arbitration, ICC Arbitration is administered by the ICC International Court of Arbitration, assisted by the ICC Court's Secretariat. ICC Arbitration is a flexible procedure that leads to a binding decision from a neutral arbitral tribunal (unless the parties settle during the arbitration, which is common). An ICC arbitral tribunal's decision, called an award, is often complied with voluntarily by the unsuccessful party. Where there is a failure to comply, the award can be enforced in more than 145 countries around the world under both domestic and international enforcement regimes including, notably, the 1958 New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards.

https://wcl.american.libguides.com/c.php?g=599758&p=4228974

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