Member Info for ralph2010

Article 52
(1) Either party may request annulment of the award by an
application in writing addressed to the Secretary-General on one
or more of the following grounds:
(a) that the Tribunal was not properly constituted;
(b) that the Tribunal has manifestly exceeded its powers;
(c) that there was corruption on the part of a member of the
Tribunal;
(d) that there has been a serious departure from a fundamental
rule of procedure; or
(e) that the award has failed to state the reasons on which it
is based.

(2) The application shall be made within 120 days after the date
on which the award was rendered except that when annulment
is requested on the ground of corruption such application shall
be made within 120 days after discovery of the corruption and
in any event within three years after the date on which the
award was rendered.

(3) On receipt of the request the Chairman shall forthwith appoint
from the Panel of Arbitrators an ad hoc Committee of three
persons. None of the members of the Committee shall have
been a member of the Tribunal which rendered the award, shall
be of the same nationality as any such member, shall be a
national of the State party to the dispute or of the State whose
national is a party to the dispute, shall have been designated to
the Panel of Arbitrators by either of those States, or shall have
acted as a conciliator in the same dispute. The Committee shall
have the authority to annul the award or any part thereof on
any of the grounds set forth in paragraph (1).

(4)The provisions of Articles 41-45, 48, 49, 53 and 54, and of
Chapters VI and VII shall apply mutatis mutandis to proceedings
before the Committee.
ICSID CONVENTION
ICSID CONVENTION, REGULATIONS AND RULES 21

(5)The Committee may, if it considers that the circumstances so
require, stay enforcement of the award pending its decision. If
the applicant requests a stay of enforcement of the award in
his application, enforcement shall be stayed provisionally until
the Committee rules on such request.
(6) If the award is annulled the dispute shall, at the request of
either party, be submitted to a new Tribunal constituted in
accordance with Section 2 of this Chapter.

Ovets, come on, this is not good in any way. Some say not totally unexpected and overdone selling. Be interesting to see any holdings RNSs in the next week though wouldn't it ?

I also didn't like that FI MP or what ever he was, sounded like an old fashioned idiot bigot to me. He wasn't positive at all, I found him damaging tbh.

Award now in the bin for me, for 2 years at least. Looks overvalued now, MCAP too much. I guess there is some confidence in Navitas to justify the MCAP? I see little else for the £57million MCAP. Ovets enlighten me.

Ovets, you come to attack me again ? Something that niggles me is why did Navitas even bother with RKH? Why didn't they leap frog them and try and take the whole show for free?

Could well be an announcement that Navitas are pulling out for all we know..........

Will now sink to 5p for 2 years. Sam still on the big bucks for 2 years.

Once again RKH manages to destroy SP value. No award for 2 years, sub 10p for 2 years.

If China goes for Taiwan the resulting sanctions would lead to a glut of Oil.

Kettle and black

Thats Ovets.........

You seem to need to constantly bully people Ovets.

https://www.linkedin.com/company/navitas-petroleum/

Navitas have updated their Linkedin. SL is a huge part of their future and is game changing

The Web site is small fry for the type of company. Every company I have worked for doesn't have their sites up to date . Its only up to date if its vital to the business. They don't really care if PIs cant see everything they would like.

The organ grinders wont be worrying about the company web site, it will be a low level employee taking care of it. These are big projects, they don't keep a running commentary on progress on the web site ! The web site is just to keep a profile out there and to say how environmentally friendly they conduct business, bla bla bla.

mixed up in between your ears Garbled.

"My other point was that with high inflation, and low % interest punishment, there is no incentive to settle early at the moment."

Inflation doesn't come into it, they are still incurring more debt.

Nothing is 100%. If China invade Taiwan, the sanctions would cause a global glut of Oil.

Market-Dealer - You don't own any shares and you don't have any information. You need special care and putting into bed by people in white coats after your medication.

Ovets - What are you bleeting on about ? I have already said the OM win is still a flop, pennies gained after 5 years of hype. Nothing happening here until Navitas come up with the cash.

Only if he was being sarcastic lol

comeonvog - Nonsense.