grimm is in the habit of taking anyone to arbitrsion or court. they all know about grimm. they will want to make sure that everything is correct, no rushing the decision, get everything right. or next year the ICC will be in court.
I agree they were much too optimistic, but one needs a fair bit of optimism in this game – once “your head goes down” you are finished. I certainly wouldn’t hire any of the negative “experts” on this BB on my team to finally reach a very profitable company.
RSM were billed for there part of the costs for pipeline, they did not pay, so what would share holder want foo to do. bend over and just let grimm abuse us?, or do what foo did and claim forfit against him. so then months later grimm wants to go to arbitration, this takes a year,then we have to have the case, then we have to wait for the decision, now we were told that this could take 3- 6 months, looks like its going to be six months. NONE, I REPEAT NONE OF THIS IS VOG OR FOO'S FAULT. if RSM had paid there share in the first place we would not be at 1.06p or have this holding over our heads. so if you want to blame someone, blame the right people, and that in this case is not vog or foo.
naks wasnt the only one to post there would be another delay a few of us did within a day or two of the last delay and i for one think it will not be settled in december even though i would like it to atb
"Arbitral tribunals usually take less time than national courts to reach a final decision. The Court monitors deadlines from start to finish.The Court has the power to step in and replace arbitrators on the rare occasions that they fail to fulfill their obligations. If the parties agree on a fast-track arbitration, cases can be decided within a few months"
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