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Rattlerock

207 Posts.

303

24/06/24

15:52

Post #: 74462564
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Originally posted by wombat74: ↑

" Cominiere believes that AVZ will soon collapse as a company and not be able to pay Cominiere's fees in his ICC case, that Cominiere considers to be baseless and doomed to failure."
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LoL .
AVZ is pleased to report, on 15 November 2023, the ICC emergency arbitrator ordered that:
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1. Cominière must not take any steps to explore and exploit, directly or indirectly, within the perimeter of PR 13359 and PR 15775 until such time as the ICC tribunal in charge of determining the validity of the termination of the Dathcom JVA hears this issue
------------------------------------------------------------------------------------------------------ 2. Cominière pay a fine of €50,000 per day for any non-compliance with the order in paragraph 1;
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3. Cominière must pay the ICC’s administrative costs and part of the legal costs of AVZ’s subsidiaries.
------------------------------------------------------------------------------------------------------- The ICC emergency arbitrator also refused Cominière’s request to set aside the emergency order dated 5 May 2023. Accordingly, the latest €50,000 daily penalty is in addition to the original €50,000 daily penalty in respect of the first emergency order against Cominière dated 5 May 2023. In light of Cominière’s conduct to date, AVZ notes the original €50,000 daily penalty continues to accrue.

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'm sure even Wombat is surprised by the response to his post -- 72 likes and 19 light bulbs!?

All he did was add "Lol" to a company announcement. That's one popular "Lol"!

AVZ Price at posting: 78.0¢ Sentiment: None Disclosure: Held
4 Upvote

2 Great analysis

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