Really? Well maybe that's one reason management were fine with the de-listing, avoiding the likely board spill that would've occurred after the next renumeration report had 25% or more of a no vote. Sneaky but effective perhaps.Remuneration report vote is only required for public LISTED companies
That would allow the secretary general to continue to receive his $1.5 million usd salary.Re: ICSID Administrative and Financial Regulation 16(2)(b) specifies that, in the event of non-payment by a party in arbitration proceedings, the Secretary-General may request the other party to make an advance payment on behalf of the non-paying party.
Who makes this shit up, and who the actual fuck thinks it will fly?
Honestly, can anyone see Jan and Ben signing a company cheque covering the DRC's arbitral fees, and maybe while in the mood paying the daily penalties too...just another $AU100 million.
I need ice in my scotch.
Cheers
F
Geo is just full of shit like all the others ffsI'm curious whether geo's hint is related to this or whether it is invalid again.
it looks like another stalling tactic of the drc heist crew...incredible.
What a fucking joke that is. Definitely our opponents who haven't paid, more stalling tactics. This ICSID system is so ridiculous. Delay, delay, delay, delay, oh yeah, I can't pay, let's delay some more and see if my adversary will spot meICSID Administrative and Financial Regulation 16(2)(b) specifies that, in the event of non-payment by a party in arbitration proceedings, the Secretary-General may request the other party to make an advance payment on behalf of the non-paying party.
If fees remain unpaid after an ICSID case is suspended for non-payment, the proceedings may be permanently discontinued. ICSID allows for temporary suspension initially, giving parties time to fulfill their financial obligations. However, if payments are still not made after this period, the tribunal may issue an order for discontinuance. This effectively ends the arbitration process, and no further rulings or awards are issued on the dispute.
The non-paying party could face reputational damage, as well as limitations in pursuing future ICSID claims.
Surely Nigel would have been obliged to inform share holders of the situation and passed the tin around if AVZ was short ? Looks to me like more stall and delay tactics . What I want to know is can we still put the case before ICSID even if the DRC are a no show . If we can then that's a huge win for AVZ . What is the point of f--king ICSID if the guilty party can just walk away and not be punished . It makes no sense . What we need now is the Locke funds to show these c--ts we can drag their arses to the ICSID . I suspect @geo_au's promised jump for joy announcement is in regard to funding .Anyone know how much was owed and if AVZ had enough to even pay......?
If the DRC no-show then the case goes on... as long as it is funded for the tribunal to make a judgement based on the merits of the case. If the respondent doesn't pay their fees then it's up to AVZ keep the arbitration lights on (they won't automatically rule in favour of AVZ if the DRC don't pay though).Surely Nigel would have been obliged to inform share holders of the situation and passed the tin around if AVZ was short ? Looks to me like more stall and delay tactics . What I want to know is can we still put the case before ICSID even if the DRC are a no show . If we can then that's a huge win for AVZ . What is the point of f--king ICSID if the guilty party can just walk away and not be punished . It makes no sense . What we need now is the Locke funds to show these c--ts we can drag their arses to the ICSID . I suspect @geo_au's promised jump for joy announcement is in regard to funding .
Well anyone suggesting we should be smiling (I'm certainly not smiling) I would suggest that needs to be addressed awful quick imo.Geo is just full of shit like all the others ffs
This is way outside theWell anyone suggesting we should be smiling (I'm certainly not smiling) I would suggest that needs to be addressed awful quick imo.
huh, gosh, go figure, some thought 🫧, 36 dodd st you say....how many mumJust saw the email.
So this venue is tightening our belt.
I wonder if there will be screaming toddlers in the next room.
I won't be there to find out.
That was shortlived.
Load of wank as usualThat was shortlived.
I wonder if it was a way to loop him into the strategy.
After 500 emails asking him what he meant by ,'exciting developments behind the scenes.' Good intentions but might have bitten off more than he wanted to chew .