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CHL - Churchill Mining News Story

37.75p 0.0  0.0%

Last Trade - 05/12/16

Sector
Energy
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £n/a
Position in Universe th / 1826

RCS - Churchill Mining plc - Arbitration update

Tue 3rd February, 2015 9:31am
RNS Number : 8804D
Churchill Mining plc
03 February 2015

3 February 2015

AIM: CHL

CHURCHILL MINING PLC

("Churchill" or "the Company")

Counsel for the ICSID Proceedings against the Republic of Indonesia

The Directors of Churchill Mining plc (AIM:CHL) advise that the Company has resolved to replace existing Counsel Quinn Emanuel Urquhart & Sullivan and appoint the international law firm of Clifford Chance as the company's Counsel in the ICSID arbitration proceedings against the Republic of Indonesia ("RoI").

Clifford Chance has also been appointed as Counsel for Planet Mining Pty Ltd, the Churchill subsidiary which also has ongoing ICSID arbitration proceedings against the RoI. (These Planet Mining proceedings are being dealt with on a consolidated basis with the Churchill claim.)

The Clifford Chance team will be led by the London based head of its International Arbitration Group, Audley Sheppard QC, who will be joined by Clifford Chance partners from the firm's offices in Asia, including Nish Shetty in Singapore, as well as Counsel from Hong Kong, Indonesia and importantly from the firm's office in Perth, Western Australia. Perth based Clifford Chance Counsel Dr Sam Luttrell will provide the Clifford Chance team's case management leadership for the Churchill /Planet Mining cases.

Churchill Chairman of Directors, David Quinlivan said: "The Churchill (and Planet Mining) ICSID arbitration cases have continued to attract significant global attention since last year's dismissal by the Arbitral Tribunal of the RoI objections to jurisdiction. We are delighted to be able to turn to Clifford Chance, a global "magic circle" law firm, to represent us in this dispute. Given their international arbitration law expertise and strong presence in many jurisdictions throughout the Asia Pacific region, we look forward to having our case determined as soon as possible with guidance of one of the world's leading arbitration firms."

END

For further information, please contact:

Churchill Mining plc

David Quinlivan

Nicholas Smith

Russell Hardwick

+ 61 8 6382 3737

Northland Capital

Partners Limited

Edward Hutton/William Vandyk

+44(0)20 7382 1100


This information is provided by RNS
The company news service from the London Stock Exchange
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