Cloudified Share Discussion Threads

[sideshowbull] 20/4/2016 19:53

Ha, love it. How many times have we seen this scenario, always the same crew. I am long this one.

BWTFDIK

sideshow

[bad robot] 20/4/2016 19:52

Only a court can enforce anything on a Sovereign Nation. Sovereign nations have many tools at their disposal. This case is about bs company taking on a G20 country.

Like I said it will end in a court and a court may not take the same position; a court can go more technical and the Indonesian defence team can show $1bn claim has no validity and on that basis it will be dismissed.


Hope this helps

[bones30] 20/4/2016 19:49

What the Russians are saying is it never should have got as far as International Arbitration since the treaty hadn't been ratified. Very different story here, I believe.

[stonefold] 20/4/2016 19:49

hi agentx11,
"IF CHL had a case, they would have taken redress via a court directly."

If you had bothered to check the history of this dispute, you would not have asked that question.

[bones30] 20/4/2016 19:45

Arbitration is a method of resolving disputes by a binding and enforceable decision.

Arbitration requires consent. You may agree with your business partner to have your dispute decided by one or more arbitrators instead of taking your dispute to a national state court.

There are different types of arbitration. They range from large, formal proceedings between states over a disputed boundary to short, informal procedures about the quality of goods under the rules of a trade association. The procedure and the reasons for choosing it depend on the type of dispute concerned. What all arbitrations have in common is that the parties must agree to the process and that they result in a binding and enforceable decision.

[spartikas] 20/4/2016 19:44

Hi Nav....there is obvious risk, you need to figure out what your risk appetite is.

I suggest you stick to ftse100 might be safer and you will sleep well.

[bad robot] 20/4/2016 19:43

The case about Russia shows, ultimately in any big claim, it's a court that will decide.

Arbitration verdict is non-binding, if people do not know this. They are just mediators and if participants are not happy with it, then the next stage is the court.


Hope this helps

[bad robot] 20/4/2016 19:41

how many times have a court upheld $billion claim?

CHL is already on life machine now

[nav1000] 20/4/2016 19:38

agent x11 20 Apr'16 - 19:31 - 3314 of 3315

you asking right questions, like me i want to know. Their no point ramping up a stock without hearing both sides.

[bones30] 20/4/2016 19:37

Very different scenario I believe:

"In its argument on Tuesday, the Hague district court said Russia had never ratified the energy treaty under which the PCA had based its case."

[nav1000] 20/4/2016 19:35

spartikas

if by the assumption of chl and shareholders here, The indonesians have lied and mislead the panel. What makes you sure they will play fair afterwards.

Lets say hypothetically they are awarded money, Indonesians will fight this at the high courts which will further cost chl millions. Where are they planning on getting millions from?

They only have this asset, dilution after dilution...

[agent x11] 20/4/2016 19:31

According to that article, the arbitration has no power for enforcement and it will definitely be challenged in a court of law if it's against Indonesia.

Clearly CHL is desperate paying Indonesia share of costs. Indonesia does not care anymore what the Arbitrator says, they will defend the case in a court.

IF CHL had a case, they would have taken redress via a court directly.

[spartikas] 20/4/2016 19:25

Nav100 you have only here for one day and are now spouting utter rubbish.

[nav1000] 20/4/2016 19:23

arbitration panel can recommend what they like, but will Indonesia play ball with any settlement.

[bad robot] 20/4/2016 19:21

I thought open house was only on Thursday night?


pembury 20 Apr'16 - 17:09 - 3294 of 3310 1 2

f me filter quick!

[nav1000] 20/4/2016 19:13

Bad Robot

I can guarantee CHL will not be getting $1.3b. This whole process is a long haul, its already been 5 years and i can bet chl will be happy with £100m. But this will probably take another 5-10 years. $10m-$15m has so far been spent on this case, how much more will it cost?

[weegeordie] 20/4/2016 19:05

OMG - there are some really sad people in this world and most seem to be BB trolls. Life is too short and there is such a thing as karma!
WG

[dosser2] 20/4/2016 19:01

Nice one. Hope that helps you BR.

[mister md] 20/4/2016 18:53

perhaps churchill will buy the bhp assets using their 1 billion windfall ? lol

[goodbloke1] 20/4/2016 18:41

Don't feed the nobot troll by responding to him,Best ignore him!Hope this helps! lol

[tippow] 20/4/2016 18:07

Badnobot unlike you i have a life away from advfn.

I took 18k out of this last week so im happy. Bought back in on the slide today at 22p.

All i know is your a nonce. Nothing more to add to that other then your a nonce and a weseal