Cloudified Share Discussion Threads

[hairballradical] 18/4/2016 15:50

Completely hypothetical , but what if at the eleventh hour, one of the perpetrators of the accusation that CHL had committed fraud came clean to his government that the whole thing was fabricated.

This would mean that the fraud review would be lost. The ROI govt would see the futility in carrying the arbitration forward with so little credibility remaining and so back away to cause further delay to the process.

CHL undermine their position by paying for their continuing part in the process and by requesting action from ICSID this wednesday.

HBR

[tippow] 18/4/2016 15:49

Can see this testing 35p tomm. Big gap up at open tomm 30p+

[riffraff1] 18/4/2016 15:48

I was reading other BIT disputes with ROI the other night involving Freeport and Newmont mining.
Roi after deals were in place and mining underway hit both companies with new laws to pressure them into building smelters and finishing industries in indonesia to increase the value of products and skill up their workforce. I think Freeport did a deal and ended up paying higher port duties and royalties whilst newmont shut it all down leaving 3200 with no income until a deal same as freepirt was completed.
Two wrongs there in my book but the end game for Roi is that they ultimately want more control over their resources and cant blame them for that and BITs are actually way more in favor of the companies in terms of power...it appears as the dutch agreement has ROI by the curlies for 15 years after BIT elapses.
Suggest read about them and despite Chl definitely suffering rough play at its worst I can see the view from ROI angle too.
They need to negotiate future BIT's more carefully and protect their interests but after losing so many in the past I think they are setting up for another..odds are stacked but obviously the law and ICSID will prevail.
So wododo is here to discuss terms of BIT's as one of the issues

[nicebut] 18/4/2016 15:48

Agree don`t count chickens- but there is some good volume here- Which can be taken both ways- IE P+D or something else?

Too good to be true if settled IMO

[debbiegee] 18/4/2016 15:47

HEAR HEAR !!!

[kirk2] 18/4/2016 15:46

this is abut to blow

[flyingc] 18/4/2016 15:44

I've been in CHL too long to get too over optimistic, but it is worth remembering that many other countries like ROI do have a different approach to matters like this, and their governments will step in and look to take credit for things.

Witness the fact that anytime Chinese leaders go anywhere, or anybody visits China there has to be a photo op with the grinning leaders signing some trade deal supposedly worth a fortune to each side.

I'm not relying on it - the merits of the CHL case are a far more comforting platform to invest from. But it wouldn't be a shock if the end came quickly.

GLA - if news does break don't let some trader chimp have your golden tickets cheaply.

FC

[mrshaungcm] 18/4/2016 15:36

oggy - we can only but hope

[oggyrocks] 18/4/2016 15:34

This visit has to be the prefect opportunity to finally sort this out. It could also be hidden within trade talks so that he (Jokowi) keeps faith with his public.

Very positive for the next few days. Could be news any time.

Our lawyers must of been in contact with govt about this. Could be all over this week - now that would be exciting.

[nicebut] 18/4/2016 15:33

Which is what DQ said...`strange`!

[fidra] 18/4/2016 15:32

So what were CHL holding up?

They could not have been holding up the arbitration at that time.

[frak] 18/4/2016 15:32

Perhaps Joko will announce withdrawl to David tomorrow! Please!!!

[fidra] 18/4/2016 15:30

So on Petromindi govt spokesman says dispute over soon unless chl holds up settlement.JAN/FEB

April it reports Indonesia defaults at ICSID. I wonder why?

Very strange!

No doubt the truth will out one day soon.

[frak] 18/4/2016 15:24

me too.. but to no avail!

[oggyrocks] 18/4/2016 15:23

hxxp://www.thejakartapost.com/news/2016/04/16/indonesia-eu-to-discuss-trade-pact-during-jokowi-visit.html

In this article (sorry if repeated)

The govenrment's scoping paper covers trade in goods, customs and trade facilitation, technical regulations, trade in service and investment, public procurement, intellectual property rights, competition policy, transparency of regulations, dispute settlements and trade and sustainable development.

'Dispute settlements' - not sure who else has a high profile Dispute settlement to resolve apart from CHL.

[stephen1946] 18/4/2016 15:22

Maybe ROI are going to end all these fraudulent accusations and join the real world, certainly would change my holiday plans if payment was forthcoming.

Butlins instead of blackpool.

[fidra] 18/4/2016 15:20

Yes seen it now.Thanks

Interesting that there are a number of mentions over last few days of the "president"having a moratorium in the mining sector to allow consolodation and reform.

Wonder what that means!

Also bloody annoying not getting access to the site to read the underlying story from the headline.

i have tried to join a few times.But have given up!

[frak] 18/4/2016 15:16

fidra..

no details.. but 1.57pm on 14 April. see:

and scan down to coal section!

[fidra] 18/4/2016 15:13

Frak,

Thanks did not know that.When did they do that.BIT (sic) surprised no comment on it elsewhere

[frak] 18/4/2016 15:10

fidra .. Petromindi has reported 'Indonesia defaults on ICSID'

[spartikas] 18/4/2016 15:00

Thanks Masarap...will send email tonight.

[flyingc] 18/4/2016 14:57

Masarap (2907)

Excellent work on this - thank you.

FC