TAP 0.00% 7.8¢ tap oil limited

tap down on legal concerns ?, page-31

  1. 408 Posts.

    You have to assume that contract law will be upheld. (It is not rugby where the video ref asks the ref if wants to disallow the try because of a prior infringement that the ref hadn't seen.)
    IMO this case is going to court to try to get some clarification around force majeure, as a test case. If it weren't for the heavy weights involved they should have been told to not waste this courts time - Just read the words in the contract.
    The reality is that the parties set the penalties for non-supply at the outset when they agreed a price for the gas, accepting the obvious risk that there was no alternate supply.
    Any way I haven't jumped ship although sometimes wish I had with the way this "market" works.


 
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