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The European Commission has launched last year proceedings against Poland for breaching European common values and rule of law. While only a warning, Article 7 could lead to sanctions and a suspension of EU voting rights.
So the reputation of the judiciary is clearly shot.
Thats is why the RNS mentions two treaties and the related international arbitration recourse - its international law that will determine the outcome and not the Polish courts. Of course, the Polish government could ignore the arbitration but the matter then becomes a diplomatic and sovereign dispute - with both the UK and probably more vocally the Aussies.. More importantly, if the Polish gov was to breach a treaty, then foreign direct investment [which they are totally reliant upon] will dry up rapidly - as foreign companies no longer see the rule of law being applied - a massive no no in overseas investment assessment. No proper company would ever contemplate investing where there is no rule of law. So there are domestic political ramifications that adds an extra consideration for the governments current misappropriation stance.
Almost certain the BOD is right here Re flouting of the law by the Supreme court - so the international arbitration boys will have a field day given the commissions observations - they will see it as an opportunity to reiterate the international displeasure with the current behaviour of the government.
So do you risk a US$ 3 billion claim – albeit taking years – and keep your assets but now cost a fortune – or do you offer a reasonable but full value?
PDZ are in the driving seat – they have check mated the government – I’m sure the BOD knew this was a likely ploy and hence the tight and swift responses each time the government digs a deeper hole for itself. They clearly have top notch lawyers & support of large shareholders [CD actually converted a loan to take 17% after the legal shenanigens]
All PDZ has to do is be patient - and what makes it better is that the state purchaser is the one whose in a rush!!! What happens when you try and be too clever and bully – in Africa it works but not an EU member with trade treaties.
.The other beauty of PDZ now is that it is an event share – value will be crystalised in a short period of time and by reference to a figure – it will jump to that figure instantaneously [and the first figure will be increased.imo]
In short you won’t have to wait for years to see the potential like 99% of the guff on AIM– its overnight.
Rare, rare,rare.
Lets see if the stars align.
Here's another link
https://www.politico.eu/article/poland-rule-of-law-suspended-from-eu-judicial-organization/
Topped up 6000 shares at 21.65p buy not showing