Rediah
Regular
DRC signed with the Office of Foreign Asset Control (OFAC) since 2005/06.Does the DRC have any assets that can be seized in the US or Europe?
I think the DRC state will remain a belligerent entity to us for the remaining part of our cases against them as they are incompetent to see their own deep-seated corruption (within various entities) or actually completely corrupt themselves. Possibility of a Chinese buyout, but probably a higher chance this will go the full duration in the courts. Hoping there is some light at the end of this horrible situation
“….OFAC administers a number of U.S. economic sanctions programs. OFAC sanctions programs can range from being comprehensive in nature, such as a program that blocks the entire government of a country and includes broad geographically-based trade restrictions, to being fairly limited, such as a program that targets only specific individuals and entities….”
So, When AVZ can prove that people at their individual levels are involved in corruption at the highest level, taken bribes etc, their foreign assets can be seized as well, plus prison time under OFAC program.
I am sure before going to ICC and ICSID, BoD would have weigh in all their options. And if this whole excercise is going to be a formality where DRC won’t comply, I am sure BoD would have looked for other avenues to sort this