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Still waiting for the Uzbek govt to treat the Ox fairly too .
Best of All
The Uzbeks got their result so why continue to hold him? Some regimes are just plain sub-human.
FREE Saidkul Ashurov .
Agreed Zaphod ,
Let`s hope Gretton are fighting for a complete settlement and not just their own Interests .
Boasberg seems a more straight and fair judge .
Surely Our now working gold mine should be worth some of the Uzbeks cash .
Don’t have access to the documents but it seems that Lamm continues to try to get Gretton’s appeal against the non-payment of the $13million arbitration award (owing to Gretton) thrown out due to lack of jurisdiction.
Lawyer representing Oxus has responded.
Now down to judge Boasberg to decide.
The good news is that the judgements, both in this case but also in Oxus’s appeal against the arbitration outcome are no longer in the hands of the horribly corrupt arbitration system but are now being dealt with in the Courts of Appeal in Washington and Paris. Courts over which Carolyn Lamm is unlikely to have the same influence that she appears to have had over Brigitte Stern and Pierre Tercier that resulted in the ridiculous and totally unconvincing arbitration outcome.
Can anyone summarise this news please, struggling to open it.
NEWS
https://www.law360.com/tax/articles/1103385/sovereign-immunity-bars-13m-award-suit-uzbekistan-says
A long wait, for any kind of justice... for OXUS and poor old Said Ashurov, lest anyone forgets him too!! As we approach the year end-2018, we can only hope the 2019 Paris annulment of the arbitration decision will come to fruition. GLA.
One hopes that some monies are forthcoming to shareholders .
Best of All
after all costs the shareholders may get some money back. I suspect in the event that there is anything left after costs the shares my receive a closing dividend ?
I do not see Oxus being relisted except for closing procedures. This may be on NEX,a bit like Churchill are on NEX after being de-listed from AIM
shibs, if the appeal is successful then any monies will be distributed to shareholders. I remain hopeful but expect nothing for at least 5 years.
So if they are succesfull what dies it mean? Will shareholders get some money back or able to sell, will ixus be back in aim? ????
mikemike, there was never going to be anything left for us. This is all going to hinge on the appeal in Paris.
looks like the amount claimed is already covered by creditors, nothing left for shareholders?
Interesting update. French hearing set for 26th March 2019. Expected result end of 2019. https://www.bdo.co.uk/getmedia/690d3788-bb12-4e86-b120-2ab18f77be24/Administration-Progress-Report-5-January-2018.pdf.aspx
Your welcome jaf1948,....just been catching up on ADVFN board, found this link;- "State crime researchers uncover role of Western companies in Uzbek corruption scandal",(dated August 9, 2017). https://phys.org/news/2017-08-state-crime-uncover-role-western.html BW
Expect a final decision, to be issued by the Court, in mid to late 2019. https://www.bdo.co.uk/getmedia/11afd2dd-1585-4938-8725-61c0616a2f3f/Update-to-all-parties-15-November-2017.pdf.aspx BW
Been catching up here at OXUS,......just read that statement bbr391, in below link, dated 15 November 2017;- https://www.bdo.co.uk/getmedia/11afd2dd-1585-4938-8725-61c0616a2f3f/Update-to-all-parties-15-November-2017.pdf.aspx We now have a firm date, extract from link above;-"The Court has now set a timetable for submissions on the merits of the Company�s Partial Annulment Application and has also set the hearing date for 26 March 2019." Case update link: Oxus Gold Plc � In Administration 21 November 2017 https://www.bdo.co.uk/en-gb/oxus-gold-plc BW
TO ALL CREDITORS & SHAREHOLDERS OXUS GOLD PLC (�THE COMPANY�) - IN ADMINISTRATION STATEMENT We refer to the decision of the Paris Court of Appeal (�the Court�) of 31 October 2017. This decision dismisses Uzbekistan�s appeal against the Court Order of 19 January 2017 which rejected Uzbekistan�s admissibility objection against the Company�s Partial Annulment Application and confirms that Order. The Court also ordered Uzbekistan to pay EUR 8,000 of costs on the basis of Article 700 of the French Code of Civil Procedure. The Court has now set a timetable for submissions on the merits of the Company�s Partial Annulment Application and has also set the hearing date for 26 March 2019. The Administrators had hoped to obtain an earlier date for the hearing, but this degree of delay is not unusual in the Court. However, we are pleased that Uzbekistan�s technical objections to the admissibility of the Company�s Partial Annulment Application have been dismissed in their entirety and that the proceedings on the partial annulment of the Award may now proceed. Following the hearing on the merits of the Company�s Partial Annulment Application, we would expect a final decision to be issued by the Court in mid to late 2019, which is later than we had been anticipating. We regret that no further information can be given at this stage regarding these proceedings. This statement is dated 15 November 2017 and is given by: Oxus Gold Plc � In Administration Acting by its Administrators as its agents and without personal liability
https://uk.advfn.com/stock-market/london/oxus-gold-OXS/share-chat
Yea me too...where do we look for it as LSE don't seem to recognise that OXS still exist unless you still have this direct link? Can anyone post a link to the ADVFN Oxus share chat. Thanks in advance
Got an RNS alert today. What a suprise but can not get in to it. Has anybody heard anything
As the saying goes - "Justice delayed is justice denied"
Uzbeks trying to deny Oxus an appeal has certainly not counted against them,a delay of nearly 9-12 months for this hearing is a little excessive but on the positive side we now have a date set.. If it does get overturned what happens next is a good question- just thinking ahead and if this was to happen then the chances of a overall victory(which we should have had anyway) must surely increase?
Yeah, just read the update on the BDO website. Going to be a long wait... hope it's worth it. :) At least the Uzbek appeal against it happening was rejected! Christmas 2019... a date for my diary!!!