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  1. 236 Posts.
    Of course they would have to take GIP's exact place, otherwise it would be a variation of contract requiring consent of all parties.

    There is nothing stopping GIP from selling, that is why joint venture contracts usually carry "preemptive" rights to allow existing participants first right of refusal to purchase on equal terms if one party finds a buyer and wants to sell. This is a contract, not a joint venture, but even if there were preemptive rights in the contract it is a win win for Starck, as either a) they get to buy themselves & lock in cheap tantalum for longer than 10 years or b) whoever buys it has the financial clout to immediately get on with it, also in Starck's best interest as they will pick up a profit of contract to market price of approx $55lb x 600,000lb pa., they win either way.

    On your assumption, commerce & entrepreneurial business as we know it would cease to function.

    Noah's Rule needs to be given a mandate to sell the project, pure & simple !
 
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