AVZ Discussion 2022

[Remark]

Good to see that some posters here have survived with their sense of humours intact. Death by a thousand cunts IMO

 

[Frank]

Tshisekedi-Macron face-to-face this Tuesday at the Elysée

The President of the Republic, Félix Tshisekedi, began a two-day official visit to France yesterday, Monday, April 29, with a view to strengthening relations between the two countries.

Several subjects will be discussed during his visit, notably the conflict situation in the east of the Democratic Republic of Congo and cooperation issues between the two nations.

Upon his arrival in the French capital in the morning, the Congolese Head of State was warmly welcomed by several political figures.

Military honors were paid to him in the courtyard of the Invalides, thus testifying to the respect and esteem accorded to the Democratic Republic of Congo.

The highlight of this visit will be the meeting between Félix Tshisekedi and Emmanuel Macron, scheduled for tomorrow at the Elysée.

The stakes of this face-to-face are both diplomatic and economic.

On the diplomatic front, resolving the crisis in the Great Lakes region will also be an item on the agenda, given France's role as a permanent member of the United Nations Security Council, which could propose resolutions relating to the situation in the east of the country.

Furthermore, President Tshisekedi will also have a meeting planned with French employers, the Movement of Companies of France (MEDEF).

This meeting will explore possibilities for strengthening economic and commercial partnerships between Congolese and French companies, thus promoting the growth and prosperity of both nations.

A DRC-France business forum will be organized in Bercy, headquarters of the French Ministry of the Economy, in the presence of President Tshisekedi.

This event aims to strengthen economic relations between the two countries.

Investment opportunities in the strategic minerals, energy and infrastructure sectors in the DRC will be presented on occasion to French investors.

Another important aspect of this visit is the question of development aid.

Budget agreements of around 500 million euros will be discussed, involving the French Development Agency.

This aid aims to support the economic development of the DRC.

mediacongo

 

[Frank]

 

[Roon]

Tommy,

Need I remind you that we still have the ICSID and ICC to play out - I am quietly confident.

Lets see how the shorters go - poor things it must be hurting.

Regards,

SilentOne

Although the announcement begs the question that if the DRC are currently ignoring both ICSID and ICC rulings, then what's the expectation that this will change upon final award should we unfortunately need to get that far?

 

[BRICK]

Good to see that some posters here have survived with their sense of humours intact. Death by a thousand cunts IMO

Or… Death by a thousand cunts….

 

[Remark]

Ummm

 

[Roon]

The ICC and ICSD work closely with the World Bank and other organisations whom give billions of dollars worth of aid to the DRC each year. Should it be needed we can get compensation from that. But I don’t think that is the goal. Instead using ICC and ICSD to motivate the DRC to do what they are bound to do by DRC LAW! Instead of ridding them of the aid that the people of the DRC so direly needs.

Compensation made to AVZ through diverting billions of dollars of World Bank funds earmarked for DRC? Dream on. We could however hope for pressure to be placed on DRC by the World Bank to come to terms.

Though they've not seemed that fazed so far given that a big tranche of WB funds is already being withheld from DRC and yet the authorities are still deciding to ignore the ICSID rulings. And it's not just because they don't have a government in place.

I do agree that this kind of pressure from their international donors may be our best (or only) option in the end to get the folks around a table. But saying oh we'll just get compensation out of donor funds "should it be needed" shows a misunderstanding of how that kind of tied aid works.

 

[Doc]

More importantly will AVZ be removed from The Stock Exchange forum?

 

[Doc]

For those smarter then I what’s the implications of delisting in regards to FIRB and what they can/can’t enforce with sale of assets now?

 

[BRICK]

More importantly will AVZ be removed from The Stock Exchange forum?

Nahhhhh. Because Hoots will need to go somewhere to get his updates.

 

[lellep]

F

Compensation made to AVZ through diverting billions of dollars of World Bank funds earmarked for DRC? Dream on. We could however hope for pressure to be placed on DRC by the World Bank to come to terms.

Though they've not seemed that fazed so far given that a big tranche of WB funds is already being withheld from DRC and yet the authorities are still deciding to ignore the ICSID rulings. And it's not just because they don't have a government in place.

I do agree that this kind of pressure from their international donors may be our best (or only) option in the end to get the folks around a table. But saying oh we'll just get compensation out of donor funds "should it be needed" shows a misunderstanding of how that kind of tied aid works.

Fair enough!

 

[JAG]

I have the same sentiment as the below FIW

 

[Lucas Don Velor]

For those smarter then I what’s the implications of delisting in regards to FIRB and what they can/can’t enforce with sale of assets now?

IMO... this is a great question! Especially with regards to "a listed entity gives rise to inherent complications"... interestingly vague!

 

[RHyNO]

Tommy,

Need I remind you that we still have the ICSID and ICC to play out - I am quietly confident.

Lets see how the shorters go - poor things it must be hurting.

Regards,

SilentOne

Thanks for the reminder, need I remind you that absolutely no one involved in this on the Chinese or DRC side will adhere to any rulings or acknowledge the court. And before you say it. Th IMF also don’t give 2 fucks

 

[Jazz]

IMO... this is a great question! Especially with regards to "a listed entity gives rise to inherent complications"... interestingly vague!

My initial response to that was that for years we have been fighting with one, or both, hands tied behind our back. Partly due to the compliance requirements of the ASX. Maybe being unlisted gives is some more freedom, perhaps to play by some less stringent rules. Maybe helpful when dealing with a country which has no rules. All just a a guess though.

 

[John25]

I think its time for a bit of honesty/clarity about our situation .We have given the BoD 2 years of secretive leadership & an open letter by Nigel to SH’s would be greatly appreciated .The BoD have gotten off fairly lightly with a limited Q&A at Frasiers & no Q&A from SH’s at the last AGM ,the main task was to keep Fat Fucks off the board in which SH’s did

 

[SilentOne]

Thanks for the reminder, need I remind you that absolutely no one involved in this on the Chinese or DRC side will adhere to any rulings or acknowledge the court. And before you say it. Th IMF also don’t give 2 fucks

Tommy,

But you do know that ICSID rulings are enforceable or am I wrong?

I suspect that there are allot of DRC Assets outside the DRC, some may even have been embezzled - but again I could be wrong.

Lets see how this plays out.

I am eternally optimistic.

Regards,

SilentOne

 

[RHyNO]

Tommy,

But you do know that ICSID rulings are enforceable or am I wrong?

I suspect that there are allot of DRC Assets outside the DRC, some may even have been embezzled - but again I could be wrong.

Lets see how this plays out.

I am eternally optimistic.

Regards,

SilentOne

By whom and what medium are they enforced?

 

[SilentOne]

By whom and what medium are they enforced?

Non-compliance with an award from the International Centre for Settlement of Investment Disputes (ICSID) can have several consequences, primarily because such non-compliance directly contravenes the obligations that member states have agreed to under the ICSID Convention. While the Convention itself does not specify penalties for non-compliance, there are indirect repercussions and broader implications for a state that fails to honor an ICSID award. Here are some of the potential consequences:

1. Legal and Financial Consequences:
   • Interest on Unpaid Awards: Typically, ICSID awards include provisions for interest to accrue on any unpaid sums. Thus, the financial burden on the non-compliant state can increase over time as interest accrues on the outstanding amount.
   • Enforcement in Other Jurisdictions: The aggrieved party can seek enforcement of the award in any of the countries that are signatories to the ICSID Convention. This can lead to the seizure or freezing of state assets located in foreign jurisdictions, though this is subject to international laws concerning sovereign immunity.
2. Political and Diplomatic Repercussions:
   • Strain on International Relations: Non-compliance can strain the diplomatic relations between the non-compliant state and the home country of the aggrieved investor, potentially affecting bilateral trade, investment, and political cooperation.
   • Impact on International Standing: Persistent non-compliance or disregard for international arbitration awards can tarnish a state's reputation in the international community, potentially making other countries and international investors wary of engaging with it.
3. Economic and Investment Impact:
   • Reduced Foreign Investment: A reputation for non-compliance with international arbitration awards can deter foreign investors, who may see it as a sign of legal unpredictability and a high-risk environment. This could lead to a decrease in foreign direct investment (FDI), which can be crucial for economic development.
   • Credit Rating and Borrowing Costs: International financial markets and credit rating agencies might view non-compliance as indicative of a broader governance issue, potentially leading to a downgrade in credit ratings. This can increase the cost of borrowing for the country on international markets.
4. Legal Precedents and Future Disputes:
   • Influence on Future Cases: Non-compliance might influence the proceedings and rulings of future international disputes involving the state. Arbitrators in other forums might view the state’s non-compliance as a negative factor, potentially influencing dispute resolution outcomes unfavorably against the state.

While these are not direct "penalties" in the traditional sense of punitive measures imposed by a governing body, they are significant negative consequences that can affect multiple aspects of a nation's political, economic, and legal landscape. States typically weigh these potential repercussions carefully when deciding whether to comply with an ICSID award.

I am not an expert in this area - please do your own research.

Regards,

SilentOne.

 

[RHyNO]

Agreed

Also agree! I think the freedom afforded by not being ASX listed will make us nimble and capable of doing business in this corrupt space