Far Limited’s Pre-Emption Claims Rejected by Arbitral Tribunal

  • Feb 14, 2020 AEDT
  • Team Kalkine

FAR Ltd (ASX:FAR) received the arbitral tribunal’s award in respect of the issues heard in July 2019 in the arbitration against Woodside Energy Senegal BV in the International Court of Arbitration of the International Chamber of Commerce.

  • The tribunal has concluded that the Senegal RSSD Joint Operating Agreement does not permit to the JOA Parties a pre-emption right over a deal involving a sale of shares in a JOA Party;
  • The Tribunal has concluded that the Company did not have a pre-emption right over the 2016 sale of shares of RSSD 35% interest holder, Woodside Energy Senegal BV Limited.

At AEST 12:53PM, the stock was trading at $0.033 per share, down by 2.941% from its previous close.

 

All pictures are copyright to their respective owner(s).Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.

 

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

CLICK HERE FOR YOUR FREE REPORT!
   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK