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Oxus Gold Share Discussion Threads
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Check out the rogues gallery at the end of the article which includes Gulnara Karimova who robbed Oxus of their assets in Uzbekistan and Maxim Bakiyev who robbed Oxus of their assets in Kyrgyzstan.
This pair of shameless crooks are allowed to use the prime London property market to launder their ill-gotten gains.
"Karimova owned a string of properties around the world, including flats in London’s Belgravia, purchased through a company based in the British Virgin Islands."
"A Belize-based company linked to Bakiyev junior bought him a £3.5m mansion in Surrey on his arrival in the UK."|
|Good find marmar.
On Dec. 9 and 10, however, two Swiss prosecutors were allowed to meet with Ms. Karimova for a combined 23-hour interrogation in the Uzbek capital, according to Grégoire Mangeat, a court-appointed lawyer and chairman of the Geneva Bar who is representing her in the Swiss probe.|
|Already twitterEd Trump and Farge to look into the Oxus case... doubt they get read but you never know! It would be so easy for the US to give us the $600 million in frozen money they already have of Ubekistan ;)|
|I hope new power in the US will help Oxus a little.. White&Case should have shorter hands now. Hopefully.|
|Ridiculous really. My money has gone, but can't call it a loss, yet will still get taxed on other shares profits.|
|I'm in the middle of doing my tax return for 2015/16. Can I write off OXS as a loss or not? I'm guessing that as it is in administration and not insolvent then the answer is I can't. Anyone know for sure?|
|Happy New Year to OXS shareholders...screw everyone else :0)|
08 Dec 16
There were 2 key dates.
Gretton are expecting a decision in the Swiss courts in around 4 months for their $10,299,572 damages plus interest award against the Republic of Uzbekistan.
A decision from the Paris courts is not expected until atleast early/mid 2018.|
|Many thanks AM|
|A decision from the Paris courts of appeal won't be known until early to mid 2018 ( at the earliest)
Above taken from BDO WEBSITE|
|Lost touch a little here, but can someone remind me on the timeline here?Submitted set-aside application via Paris and when are we likely to know a decision?Also, does this go to retrial on quantum (if success) or does Paris hand down a verdict at the same time.Sad news Dec 2015 and in a 3 days time its 2017! I needs to get 5p a share to get my investment back which would be a great starting point!|
|Let's hope for justice in the future. Happy Christmas all|
|Was about to say something similar. 23 Dec 2015. It was an awful day for Oxus team. Bad decision, timing couldn't be worse. Intentionally decided to publish the verdict just before Christmas 2015? Definitely yes.|
|1 year ago today! :( . Definitely going to be a better xmas day :)|
|The key is, if found guilty does that throw out decisions for the OXS CHL tribunals due to conflicts of interest?Mmmmm.IMO set aside verdicts are probably a def.BWFDIK|
Its fixed, its kind of ironic two of chl arbiters are being petitioned to be disqualified by claimant in another case. Guinea is not far from Indonesia, really hoping they are disqualified.|
|I believe there will be more heads to roll in this respect with 'some' arbitrators and possible re-examine decisions at cases such as OXS and CHL!I live in hope anyway.|
|You know, this is over $200k for the first year and even more in every next one. Worth to know how to read it, because it could be even $1.5m if no interest applied for years 2010-2016. There are AIM explorers with $1.5m mcap and attractive projects. It means for me that with these money Oxus possibly could be back in the game and the same time Gretton could be managing the appeal. Or maybe I'm already dreaming cause is quite late.. Good night!|
|marmar80 - not entirely sure but I think you might be misinterpreting what the award actually states:
991. The Tribunal rules therefore that Respondent shall pay to Claimant interests on the damages awarded to it at the rate of LIBOR + 2%, compounded annually.
and then it states
992. The interest rate shall be applied to the loss suffered by Claimant as of the 31 December of each corresponding year from 2004 to 2010. The Parties shall calculate each yearly loss on the basis of the numbers provided by Mr. Hart in ER-Hart III (10.07.2014).
I'm no expert and hopefully someone will correct me if I'm wrong, but I take the above to mean that the 2% interest IS payable every year, not just between 2004 to 2010.
The mention of "2004 to 2010" refers to the period during which Oxus suffered the tax loss, it isn't referring to the period during which they would be entitled to the 2% interest.
In any case, the full $10.2m award plus 2% annual interest would probably go to Calunius/Gretton anyway. I hope they are successful in recovering it. It would be massive blow for the corrupt Uzbeks plus their legal counsel White & Case if they manage to recover it via that property in Switzerland.|
|I also wonder if we have sufficiently googled for the connections between the members of the deciding panel and W&C. Maybe there is something on the web that could still help our team. Will check wikileaks base tomorrow and post if find anything. Of course you all can help, it's still our case and our money.|