AVZ Discussion 2022

[BRICK]

 

[CashKing]

And it is much harder to bribe 3 tribunal members than just the 1. AVZ playing smart

Hahhahah well it's gunna cost more for sure...

 

[Rambo]

I am a bit surprised that they will proceed with arbitration. I kind felt like avz would say no.

 

[Bray]

Why would the ICC allow the possibility of Zinjin picking the arbitrator when that allows them to brown paper bag the whole thing or am I misunderstanding

 

[bloke383]

I think there are many arbiters to chose from . I don't think Z can pick which one in particular , rather that they have a choice of 1 or a panel of 3 to make a verdict

 

[Bray]

After rereading it I realise I’ve misread it and Zinjin are requesting 1 arbitrator vs AVZ wanting 3.
This should be a no-brainer for the ICC.

3 arbitrators all saying the same thing - Zinjin are dickheads

 

[thorgin]

surely they know they can't win the arbitration (unless ICC is corrupt) so is the whole point of this just to tie us up? if the mining license is being held up waiting for this to be resolved, I feel like the announcement was worded in a way that would allow that. lift suspension after mining license is granted (which might not come til this is cleared up)?

 

[thorgin]

tho I guess I kinda skipped over this bit
"there is no change to the anticipated timeframe for the completion of the subject of the initial trading halt request (on or before 1 July 2022)"

 

[Bray]

That’s the grey area they aren’t really disclosing

Is the ML just undergoing some formality before they issue it, or does the arbitration have to be completed first. (just in case of the 0.00005% chance the ICC rules in favour of said dickheads)

 

[Samus]

I can't understand why they are going ahead with arbitration. Anyone know the legalities of why they have to entertain this?

 

[Bray]

I can't understand why they are going ahead with arbitration. Anyone know the legalities of why they have to entertain this?

Wouldn’t it just be to entertain Zinjins idea and then once the ICC concludes that Zinjin has no stake in the project they can no longer bring it up in the future causing more issues?

 

[Samus]

Wouldn’t it just be to entertain Zinjins idea and then once the ICC concludes that Zinjin has no stake in the project they can no longer bring it up in the future causing more issues?

Hope so, seems risky going ahead if it's optional which seems to be the case going through information that is available regarding arbitration proceedings.

 

[Dopi]

Hope so, seems risky going ahead if it's optional which seems to be the case going through information that is available regarding arbitration proceedings.

Hi all,

Maybe AVZ decided to go for the ICC because they assessed it would be faster than processing those claims in DRC?
The fact that it is voluntarily must mean they assessed their chance was near 100%, confirmed by their repeating of the sentence: "The Company has considered Jin Cheng’s claims in detail and considers them to be spurious in nature" in today's announcement.

If we believe in conspiracies , and AVZ shareholders have every right to do so, what if Zijin's goal, as a "state-controlled" entity, was only to delay AVZ entry to the market?
The more I think about that issue, I do not understand how they could win this thing, so why then launch it? If not to delay the project..

Dopi

 

[Remark]

Hi all,

Maybe AVZ decided to go for the ICC because they assessed it would be faster than processing those claims in DRC?
The fact that it is voluntarily must mean they assessed their chance was near 100%, confirmed by their repeating of the sentence: "The Company has considered Jin Cheng’s claims in detail and considers them to be spurious in nature" in today's announcement.

If we believe in conspiracies , and AVZ shareholders have every right to do so, what if Zijin's goal, as a "state-controlled" entity, was only to delay AVZ entry to the market?
The more I think about that issue, I do not understand how they could win this thing, so why then launch it? If not to delay the project..

Dopi

Watch Zijin drop the proceedings at the last minute.

 

[Bin59]

The way I read it, if you don’t reply the arbitration just goes ahead without you or your input, with just one arbitrator. Better that they replied imo - as I understand it they can’t just say there is no contract with Jin Cheng so therefore no need to reply to the request for arbitration.

Arbitration - ICC - International Chamber of Commerce

Our experience, rigorous approach, efficient processes, and innovative rules have made us the world’s leading arbitral institution. With 12 case management teams across the globe, we stand ready to assist you at any stage of your dispute.

iccwbo.org

 

[wombat74]

Watch Zijin drop the proceedings at the last minute.

My thinking as well . Zijin thinking they could bully AVZ . AVZ again have basically told Z to go fuck themselves and if they want a fight then bring it on . Z are full of shit and will surrender at the 11 hour . IMO

 

[Mr Inappropriate]

And it is much harder to bribe 3 tribunal members than just the 1. AVZ playing smart

That’s how I interpreted it…

 

[Bin59]

Bit of light reading for a Friday night - just released on HC, the inaugural AVZ Sustainability Report, 85 pages

 

[Dopi]

My thinking as well . Zijin thinking they could bully AVZ . AVZ again have basically told Z to go fuck themselves and if they want a fight then bring it on . Z are full of shit and will surrender at the 11 hour . IMO

Would be great.

And when do you expect that 11 hour to be? Do we have a date?

 

[thorgin]

The way I read it, if you don’t reply the arbitration just goes ahead without you or your input, with just one arbitrator. Better that they replied imo - as I understand it they can’t just say there is no contract with Jin Cheng so therefore no need to reply to the request for arbitration.

Arbitration - ICC - International Chamber of Commerce

Our experience, rigorous approach, efficient processes, and innovative rules have made us the world’s leading arbitral institution. With 12 case management teams across the globe, we stand ready to assist you at any stage of your dispute.

iccwbo.org

View attachment 9582

Geico must pay $5.2 million to woman who got HPV from sex in man's insured car, court rules

An arbitrator and trial court have already sided with the Missouri woman, and the insurance company has "no right to relitigate those issues," according to the appeals court.

www.nbcnews.com

"Geico must pay $5.2 million to woman who got HPV from sex in man's insured car, court rules​

An arbitrator and trial court have already sided with the Missouri woman, and the insurance company has "no right to relitigate those issues," according to the appeals court."

Apparently this happened because Geico didn't bother to turn up to arbitration.