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[sos100] 14/8/2015 07:09

"in view of his non-attendance, the Tribunal ordered that Mr Noor's witness statement be struck out and disregarded."


the tribunal are seeing through these delaying tactics.I still think this will be settled in a few weeks time...

[pembury] 14/8/2015 07:07

mmmm Mr Noor no show

[sos100] 14/8/2015 07:06

we can keep adding for time being...

[mrshaungcm] 14/8/2015 07:05

The Directors of Churchill (AIM: CHL) wish to provide an update on the international arbitration cases the Company and its wholly owned subsidiary Planet Mining Pty Ltd ("Planet") are pursuing against the Republic of Indonesia ("Indonesia") through Washington DC based International Centre for Settlement of Investment Disputes ("ICSID"). The arbitration before the ICSID Tribunal ("Tribunal") arises from the unlawful revocation of the mining licenses relating to the East Kutai Coal Project in East Kalimantan ("EKCP"), Indonesia, in which Churchill and Planet held a 75% interest.

Pursuant to ICSID Procedural Order 15, Indonesia's Application for Dismissal of the arbitration case on the grounds of document authenticity ("Indonesia's dismissal application") was heard in Singapore between 3 and 10 August 2015. Churchill and Planet were represented by the international law firm Clifford Chance LLP with members of the Churchill board and management also in attendance at the hearing.

The conduct of the hearing included fact witnesses, oral presentations and expert witnesses. All of the witnesses for Churchill/Planet whom Indonesia requested for cross-examination attended the hearing. All of the witnesses for Indonesia whom Churchill/Planet requested for cross-examination attended the hearing, except Isran Noor (Mr Noor until his recent resignation held the office of Bupati or Regent of East Kutai). Mr Noor declined to attend the proceedings.

In view of his non-attendance, the Tribunal ordered that Mr Noor's witness statement be struck out and disregarded.

Churchill's Chairman David Quinlivan said "We are pleased that the hearing of Indonesia's dismissal application has now been completed save for the presentation of post-hearing briefs by both sides. Overall, the hearing was a useful exercise but it is disappointing that Mr Noor, one of Indonesia's key witnesses, chose not to attend the hearing, as we had a number of questions we wished to put to him. We look forward to having this aspect of the case decided so we can move ahead with having our merits claims determined."

The specific questions to be addressed by the parties in post-hearing briefs will be set out in a procedural order to be issued by the Tribunal shortly. There is no fixed date for the Tribunal to deliver its decision on Indonesia's dismissal application, although the decision is unlikely to be handed down for some months.

Information on the progress of Churchill/Planet's claim against the Republic of Indonesia can be found at the website of the International Centre for Settlement of Investment Disputes at hxxps://icsid.worldbank.org/apps/ICSIDWEB/Pages/default.aspx (under cases for "Churchill").

[daddy warbucks] 14/8/2015 07:05

So, no Isran Noor. What a surprise!No mention of OOC either in today's RNS.

[sos100] 14/8/2015 07:04

update!
Churchill's Chairman David Quinlivan said "We are pleased that the hearing of Indonesia's dismissal application has now been completed save for the presentation of post-hearing briefs by both sides. Overall, the hearing was a useful exercise but it is disappointing that Mr Noor, one of Indonesia's key witnesses, chose not to attend the hearing, as we had a number of questions we wished to put to him. We look forward to having this aspect of the case decided so we can move ahead with having our merits claims determined."

The specific questions to be addressed by the parties in post-hearing briefs will be set out in a procedural order to be issued by the Tribunal shortly. There is no fixed date for the Tribunal to deliver its decision on Indonesia's dismissal application, although the decision is unlikely to be handed down for some months.

[humbagash] 13/8/2015 16:41

Wash your mouth out.

[debbiegee] 13/8/2015 16:30

oh well nice slow grind it is !

[nicebut] 13/8/2015 16:27

2 of the 25ks were def buys.

[moreforus] 13/8/2015 16:27

the rotters!

[cool hand kev] 13/8/2015 16:26

late buys listed as sells

[debbiegee] 13/8/2015 16:24

showing old trades again

see ISDX CHL Itried to c+p but not working.
Few tredes this morning thonk buys and this afternoon 10k @40 and 1800 @38
ask now 41 over there

[debbiegee] 13/8/2015 14:58

some nice blue skies over the 40 mark might be a bit tough to crack but steady progress.
News will pf course blow any theories out of the water !

[oggyrocks] 13/8/2015 14:54

Did a dummy trade and 39.85 to buy and 38 to sell.

Ticking up. was 37 to sell 20 mins ago

[debbiegee] 13/8/2015 14:47

C trade is a trade with conditions. eg to be paid in 20 days a T20 ,bought on credit and sometimes not always 1 has to pay a premium.
Untill last week they were denoting Ttrades with a B but have started using the C again

[oggyrocks] 13/8/2015 14:44

Whats a c trade ? - was excited by the 39,99

[debbiegee] 13/8/2015 14:43

lol
that was a Ctrade though

[debbiegee] 13/8/2015 14:39

They only showed 2k bought when they were 39 before they ticked up to 40 so at some point they will probably try to confuse us

[moreforus] 13/8/2015 14:29

38.8 to buy..oh someone did...

bid will rise if people buy enough.... i reckon

[p@] 13/8/2015 14:26

TD only offering 37.01p to sell.