August old boy putting the boot in over on X
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August is clearly a clueless flog with shit for brains.
August old boy putting the boot in over on X
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While the following (below) refers to the Republic of Congo, rather than the Democratic Republic of Congo (DRC), the principle remains. Both ICC and ICSID have enforcement powers. It takes time, resources and dedication, and even then full restitution is unlikely to be achieved. If push comes to shove, we can apply to seize DRC property and importantly, the income stream associated with their mineral-for-peace mining operations.Is he wrong? ICSID is definitely about leverage. I am sure we don't want to end up having to chase this money after award.
The idea is that the asset is encumbered and western companies cannot touch it without going through AVZ.
Regardless of our potential to squeeze money out of the DRC or not, I don't think thats a path any of us want to go down is it? Ideally there is a middle ground that a western company is willing to come to the table with to extract resources now. Not sure I can mentally handle a 2 year court case followed by 5 years of enforcement orders.While the following (below) refers to the Republic of Congo, rather than the Democratic Republic of Congo (DRC), the principle remains. Both ICC and ICSID have enforcement powers. It takes time, resources and dedication, and even then full restitution is unlikely to be achieved.
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French supreme court rules on seizure of Congo properties
The French Court of Cassation has affirmed that a creditor seeking to enforce a €1.7 billion ICC award against the Republic of the Congo can seize a property allegedly housing the private residence of the state’s ambassador to UNESCO but that a Congolese payroll office in France is exempt from...globalarbitrationreview.com
Unfortunately, the DRC kleptocrats wrote the book on stalling and diversionary tactics designed to frustrate the process. Our best option is probably through diplomatic pressure from the Trump administration.
Cheers
F
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Regardless of our potential to squeeze money out of the DRC or not, I don't think thats a path any of us want to go down is it? Ideally there is a middle ground that a western company is willing to come to the table with to extract resources now. Not sure I can mentally handle a 2 year court case followed by 5 years of enforcement orders.
Can anyone think why Felix would be going to Cyprus?
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He hates Share holders calling for fair compensation . Thinks we should accept whatever crumbs are thrown our way and be grateful .August old boy putting the boot in over on X
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August old boy putting the boot in over on X![]()
August old boy putting the boot in over on X
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He hates Share holders calling for fair compensation . Thinks we should accept whatever crumbs are thrown our way and be grateful .
Yup Cypress got also a honorary mention in the Panama Papers and they do accept number accounts, but it is all above board.There's a ' scheme ', whereby residence can be obtained subject to making financial investments in the country.
Prior to around 2020, full citizenship could be purchased, but this was cancelled under pressure from the EU because dodgy geezers were getting EU citizenship. Cyprus is a full member.
Not that I believe FT is anything less than an upstanding member of the community.
If you believe August, than ICSID is an extension of the TRUMP Inc. and they do as told, or the proud boys will torch their headquarter.August old boy putting the boot in over on X
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Never with Iggy Bliss.I don't agree with the racial overtones ,but this person on X seems to know August .
"AVZ SH's need to block that august fwit! Hes a NYC shit stain jew failed lawyer who married a dipshit drc women. He wouldnt have a clue what is happening and tries to imply previous job to this case. And on wrong side of the US table to ever know anything before we do." - Iggy bliss
Can anyone concur?
Ok . No I am not aware of who he is . The post just made me laugh that's all . I'll take it down .Never with Iggy Bliss.
Is he a mate of you?