RE: Will he get something right!?14 Mar 2017 17:45
mike
Oxus are being dealt with another organisation, but annulments at ICsid take around a year, some are alot quicker, it all depends on damning the evidence and how far Indonesia want to take it.
I am not imply its going to be a slam dunk victory but chl have a very strong case.
Fact is Noor was important to both the exploration and exploitation licences, he failed to show.
CHL from day 1 maintain that both licenses were properly authorised by the Eask Kutai Regency Govt. The company believes the signatures and Regency chops were applied by Isran Noor when he was deputy regent under Awang Faroek Ishak, Noor was the authorized delegate of Ishak when he was away from regency office for other business or his campaign for position of Governor of Eask Kalimantan.
With Noor refusing to show up and denying this, Indonesia doesnt have a strong case, and then you see Noor wealth significantly increasing..