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Hope you bought them in an isa then, as the changes to cgt reliefs which come in April this year and next will mean we will get very annual relief on CGT and just be taxed much heavier . Nice we take a big risk in buying and then get hammered for any substantial gain which quite easily have been a massive loss . GLA
Unless there is an Rns we can only guess what is going on , I am sure lots of things are going on in the background but we will only be told when they are done so as before we just have to wait and see . No point in any one moaning about things . GLA
Not sure if they can on quantom unless they fit it with with the grounds for annulment as set out in my message 2nd september. If they allowed everyone to seek annulment because they didnt want to pay damages then probably every decision would be challenged and sought to be overthrown by annulment , stand to be corrected but I dont think they can . GLA
I listened to the whole video and as you say nothing of interest except some people with a climate agenda with no consideration to the law applicable , just moaning about how terrible it was and pictures behind one of the presenters of oil rigs in flames in the mexican gulf says it all really .
No point in having international agreements if you dont abide by them , no mention of sunlight clauses , wasnt even mentioned . if you want to be bored for 75 minutes then watch it but probably more interesting to watch the rain outside
Listened to another 10 minutes of that video and then stopped as clearly slanted in favour of environmental groups . The introducing chair lady is a professor [ professor A. Arcure ] and of course was born in italy . Her expertise is that she focuses on human rights and environmental law global goverenance of risk and has a PHD in governing risks of ultra hazardous activities , after showing lots of slides of oil disasters it was pretty clear she had an agenda and her fellow contributors [which I skipped through last night ] were of similar ilk so pretty much to be ignored . Gla
Only see some of it but appears all to be coming from pretty left wing view of how environment needs to be protected , yes it does but not at the cost of businesses spending and investing money and then finding the law has been deliberately changed , you told us we could do this if you then renage on the agreement financial compensation will become due , your a signatory to an international agreement so tough luck if I get time I will watch the rest but seeing some of the comments its pretty biased against any award
Nothing will happen by the 23 December , its just the application for annulment has to be in , whether or not its successful [which I doubt ] will however take a while to be considered but will be sped up by the Arbitration rules which I raised many weeks ago. GLA
Perhaps you will explain Italian appeal after appeal where you getting that from ? once the annulment proceedings are concluded enforcement can take place against any Italian assets worldwide so what exactly are you talking about
Not sure what people expect the current board to have done about an application for annulment so suggest people stop moaning about it[you can but its not going to make any difference ] , we all knew that the Italian government would have a chance to lodge annulment as its in the rules .and we had a date december 2022 At least the current board have /or seem to have provided for this eventuality . The lawyers have a vested interest in getting on with this done as soon as possible as they will receive part of the award . Yes its frustrating but there is very little the board can do apart from seek Arbitration asap to try and knock this on the head . Clearly new Italian Government wants to show that they will not pay out and mean business but we will just have to leave it to the lawyers to get on with this, the Italian governments chances of success are slim but they wouldnt say that to the italian general public would they . Yes like all other shareholders I am well cheesed off with this application as been in this for the past 10 years and more and pretty tired like all long term holders . We cannot change anything so we have to accept what has happened and hopefully tomorrow will be a better day [unfortunately it may be 12 months away though . Gla
Suspect that RHK will proceed under the Arbitration act as that can be dealt with as quickly as possible as difficult to see what grounds they have to seek annulment as the award was unanimous Draws the thing out unfortunately. GLA
If any one is interested suggest they read my email of the 2nd of September which sets out the procedure and worst case is probably going to be 10 to 12 months and the chances of annulment are very slim . Clearly Italy are doing this to be bloody minded and delay matters as much as they can . Gla