Cloudified Share Discussion Threads

[top_banana1] 13/4/2016 14:49

Clearly you are not up to date, a UK court could seize Indonesian assets in UK. They do have assets here in excess of few £billions. Not just UK, assets seizure could happen in US too.

Indonesia money could be seized too when transiting in UK.


Induna123 13 Apr'16 - 14:43 - 2210 of 2211 0 0

A London Coart cannot force them to pay anything. What are they going to do, send round the baliffs LOL

[induna123] 13/4/2016 14:47

Patviera, you sound exactly the same as those rampers on the OXS board just before they found out they were getting nothing. LOL

Read this to have a better understanding of the situation

Churchill Chairman David Quinlivan said "It is strange that Indonesia has failed to pay its share of an advance payment requested by the Tribunal to cover the costs of deciding Indonesia's own application. But this is not the first time that Indonesia has been issued a default notice in this arbitration. What makes this time different is that Indonesia has not cured its default and has not offered any explanation or excuse for its failure to pay. In fact, Indonesia has not said or done anything in the arbitration since the fifth advance payment was requested two months ago. We are taking Indonesia's silence and failure to pay its share of the fifth advance payment as a sign that Indonesia may no longer wish to participate in the arbitration. It is too early to tell if this is the case, and our lawyers have written to clarify the situation. We will know by next Wednesday. However, if Indonesia does pull out, that will not stop the arbitration. Churchill remains committed to the resolution of its dispute with Indonesia through the ICSID process and will do whatever has to be done to ensure that the arbitration progresses to its natural conclusion."

[patviera] 13/4/2016 14:44

It's a 1.3bn claimI think we will win and receive 600mWith 175m shares in issue that's 350p Can buy at 19pNot a no brainer bit v few other shates like this oneAnd directors just bought 300k worth of stock so place your bets!!Strong buy25p by End month 30p by JuneThen possibly 350p with maybe one more fundraising

[induna123] 13/4/2016 14:43

A London Coart cannot force them to pay anything. What are they going to do, send round the baliffs LOL

Gimme that DVD player, NOW!

[tippow] 13/4/2016 14:39

CHL
$1.2bn ( 845m) claim against ROI now=573p per shs settlement?
VS 18p share price

[top_banana1] 13/4/2016 14:34

$1.2bn ( £845m) claim against ROI now?

If they do not abide a London Court will be forcing them to pay, or their assets could be seized around many jurisctions.

are we talking a 573p per shs settlement?

[patviera] 13/4/2016 14:24

FindlayI never bought Oxus as didn't like their chances of successI do here and I also like the fact that directors have bought in here in huge amounts

[induna123] 13/4/2016 14:24

First OXS, then PFP and now this.

You'll never get yer money. The market is rigged against you.

[sos100] 13/4/2016 14:22

money brings out the worst in people..

[leedskier] 13/4/2016 14:22

Just out of casual interest I had a quick glance at the rules on enforcement of awards made by ICSID. This popped up on the website.


An award of a Tribunal is binding on all parties to the proceeding and each party must comply with it pursuant to its terms (Article 53(1) of the ICSID Convention). If a party fails to comply with the award, the other party can seek to have the pecuniary obligations recognized and enforced in the courts of any ICSID Member State as though it were a final judgment of that State’s courts (Article 54(1) of the ICSID Convention).




It therefore seems that if ROI takes no further part in the proceedings and ignores any award is made in CHL's favour, Clifford Chance could take a copy of the award down to the Royal Courts of Justice on the Strand, and enter summary judgment.

ROI's state airline, Garuda, has a fleet which includes 100 Boeing 737s and Airbuses. presumably they would be liable to be seized in any country which is signed up to ICSID or recognises English Judgments.

[apfindley] 13/4/2016 14:16

Lol patThe same was true for OxusLook what happened there

[janestone] 13/4/2016 14:16

Even if Roi do pay, then they're tardy, and that puts their defense in jeopardy.

[patviera] 13/4/2016 14:15

This is like walking into a bookies and being offered 15 to 1 on a 75pct chance of winning!!Any buyers paying sub 20p will have an exceedingly good chance of making 15 times their moneyAgree Debbie?

[webshares] 13/4/2016 14:14

Back up she goes

[apfindley] 13/4/2016 14:12

I believe they will make payment.Agree, they don't seem to have their eye on the ball. But my previous question was a genuine one, will the company inform the market.Let's wait and see.Good luck all, but todays rns is a non-rns for your outcome and is fuelling the pumpers.

[weegeordie] 13/4/2016 14:09

10%ers leaving

[frak] 13/4/2016 14:08

perhaps ROI's autopen machine broke down so they couldn't sign the cheque

[debbiegee] 13/4/2016 14:06

I bet they will

[weegeordie] 13/4/2016 14:06

apf - Do you seriously think that is at all likely?

[frak] 13/4/2016 14:05

wonder if ROI haven't paid their lawyers either

[flyingc] 13/4/2016 14:05

Debs (2185)

I once likened being short on CHL to picking up pennies on a train track.

The CHL express is coming through now - time to jump out of the way if anybody is still mad enough to be short on this after this morning's news !

GLA (except anybody short - you are likely going to burn badly now if you don't get out quick).

FC

[apfindley] 13/4/2016 14:04

If the Indonesians make a late payment of the fees, then will Churchill inform the market as they have done today.Or will they stay quiet and not rns it?I suspect they won't inform you.