Great result.
AVZs position on the case states ICC doesn't have jurisdiction to rule. ICC concludes, ICC doesn't have jurisdiction to rule.
I.e. Jin Cheng is not a holder in Dathcom!
The ICC tribunal held that Jin Chengs recourse to arbitration was unjustified (i.e. bullshit), close to $1M reimbursed to us, Jin Cheng to bear its legal costs $3M+.
The ICC did not rule on the validity of the reported sale by Cominiere to Jin Cheng of 15% (an nor was it intended to). These issues will be addressed in other ICC proceedings (ICC No. 27720/SP). The very case that Cominiere already have proudly amassed two emergency orders ruled against them in, 8th May of 50,000 Euros per day and 17th November of a further 50,000 Euros per day (of which AVZ has applied to ICC for partial award, a hearing on this matter April 3rd). On the case itself AVZ are due to submit its statement of claim by 30th April. Cominiere are hardly enamouring themselves to the arbitrator in this case so far.
This also puts the Jin Cheng and Cominiere joint (comedy) case (ICC No. 27769/SP) against AVZ, claims for damages into a very precarious position, funded by Jin Cheng who have just been ruled by ICC to hold no part in Dathcom. A procedural hearing on May 29, after which the tribunal will decide if this case merits being split the hearings with a hearing on jurisdiction (uh-oh) and then a hearing on merits (double uh-oh, this is where the corruption comes out).
Is this the catalyst?
Things are falling apart and fast for Cominiere and Zijin!
Dathomir are withdrawing their corrupt action seeking the wind up of Dathcom at Lubambashi court on the 25th March. (fines if they don't)
Its becoming harder and harder for Mr.President to pretend to ignore what's happening. Does the new DRC Government make the move ?
Does Zijin realise its methods of stalling and trying to bleed AVZ dry financially are now futile with AVZ gaining $30M (ironically that they will pay for as we all know Cominiere don't have the $$), plus an extra $20M funding facility from Locke if needed. (This latest win and the liquidating of emergency measures would surely be the final DD locke needed to sign off on the $20M).
Do Zijin after conclusion of the fine and funding situation for AVZ try come to the table with AVZ BOD and talk TO?
Are CATL still talking behind the scenes?
Are the DRC Government going to get serious about their battery hub bollocks they talk non-stop about?
Has the US (finally) realised the global importance of Manono and in doing so want a deal with AVZ to go mining and push out CATL?
Is Alain really the dumbest mother fucker to walk the planet this very moment in time?
That last one was rhetorical
EDIT
Didnt even mention the ICSID, an the fact we have motioned for fines to be applied on DRC