AVZ Announcement JULY 2024 Appointment of new DRC counsel and investigation
So DLA PIPER has been stepped down by AVZ, also how will this OVERSIGHT work...??
The Company has resolved to appoint a new legal counsel in the Democratic Republic of Congo (DRC) to assist with all in-country proceedings and matters relating to DRC law. The Company, and its subsidiaries, have commenced transitioning all in-country matters to its newly appointed counsel under the oversight of the Company's international counsel, DLA Piper.
Additionally, the Company has been made aware of allegations of unauthorised transactions involving the Company's escrow account in the DRC.1 The Company is investigating these allegations, including any potential wrongdoing, and to the extent there have been any unauthorised transactions in respect of the account, AVZ will take all necessary actions required.
AVZ Price at posting:
78.0¢ Sentiment: None Disclosure: Held