My confidence in David Quinlivan & the Whole team has been maintained throughout the arbitration process , unlike Oxus that I found myself in doubt & withdrawing cash .
With Churchill I have continued to build ,whereas today we have 3K invested and the result expected next week .
A full 20% of the portfolio.
Please place your bets .
Of some interest in this case for us in the UK is the new value of Sterling .Having dropped against the dollar ,will aid our final payday.. (If we get one ).
This means a return towards the higher end of Our expectation ie £1.50 than £1 ......Calculation exposes £1.40 as the new figure .After expenses and dilutions that have occurred along the way ,
This five year Arbitration has been quite an epic .
1.Amco Asia Corporation and others v. Republic of Indonesia, ICSID (1990);
2.Himpurna California Energy Ltd. v PLN (Indonesia’s SOE), UNCITRAL (1999);
3.Patuha Power Ltd. v PLN (Indonesia’s SOE), UNCITRAL (1999);
4.Karaha Bodas Company LLC. v. Pertamina and PT PLN, UNCITRAL (2000);
5.Cemex Asia Holdings Ltd v. Republic of Indonesia, ICSID (2007);
6.Republic of Indonesia v. Newmont, UNCITRAL (2009);
7.Government of The Province of East Kalimantan v. PT Kaltim Prima Coal and others, ICSID (2009);
8.Rafat Ali Rizvi v. Republic of Indonesia, ICSID (2011);
9.Hesham Al Warraq v. Republic of Indonesia, UNCITRAL (2011) ;
10.Planet Mining Pty Ltd and Churchill Mining PLC v. Republic of Indonesia, ICSID (2012);
11.Indian Metals & Ferro Alloys Limited (IMFA) v. Republic of Indonesia, UNCITRAL (2015);
12.OleoVest Pte. Ltd v. Republic of Indonesia, ICSID (2016).