UK vs Russian Law jurisdiction24 Apr 2022 22:15
POG may have a good case under UK law, but that will not matter one bit nor be enforceable in Russia.
The rules of the game have changed since the war, any UK legal determination regarding contracts will be worthless on the ground in Russia.
If the UK wishes to confiscate Russian private assets, don’t get upset if the same happens to UK shareholder assets.
I don’t envy POG management, they are stuck between a rock and a hard place.
This could still play out in the interest of shareholders but those odds are long hence the share price.
If everlast alliance have sold out, that is a huge red flag IMO.