Friday 24 May 2013

Churchill Mining plc Jurisdiction Hearing Update


No surprises really, if you look at the jurisdictional challenges of other cases, there seems to be some consistency between 2-4 weeks longest was some 4 months. There was mention of one in a previously of a recent dispute over Jurisdiction [an oil company I think]  however age is not becoming of memory; will endeavour to repost the link at some point.

Some items asked to be reposted [its hoped a fact sheet can be created to down of all these]:



Churchill Mining and Planet Mining Pty Ltd, formerly ARB/12/14 v. Republic of Indonesia (ICSID Case No. ARB/12/14 and 12/40)

Addition [Edited 10:17] Churchill Mining – How patient are the bulls? Surely patience is required on any International Arbitration Claim; when they last on average 3 years 6 months...is it a rush today. However, as the position was opened without full knowledge of the facts and misinformation  could there be risk of 'the short going against the holder.' For the shorters, I do hope the legal set that specialise in these cases do not start trawling for stock! Risks either way, thats why it pays to buy over significant time...not take a very myopic view...which 'may or may not be right.'

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