IMF 0.28% $3.60 imf bentham limited

I believe it is a bit of both. There is no one single turnkey to...

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  1. 7,445 Posts.
    I believe it is a bit of both.

    There is no one single turnkey to an all in or all out of court settlement.

    I believe they will see what is agreed on, and what is at dispute. This is a huge case with so many tiers and types of claims and claimants, with both primary claimants and secondary third party claimants (insurers). Messy too, for some primary claimants will have had full or partial insurance which has been settled, and some that the insurers have stood down.

    But most of that I believe, comes later.

    Obviously the culpability of a negligent dam management and management plan is the key first issue at stake.

    But even here the degree of culpability will be split, varied and need demarcation.

    Stuff like properties above and below say the 100 year flood level. How much the Wivenhoe River alone, i.e. below the dam wall lead to flooding and what damage relates purely to a mismanaged dam, and the opening of the Wivenhoe dam gates.

    I do hope justice is done. Trying to resolve this is to be a nightmare, and no-one will be satisfied. It is already six years since the flood, and some folk caught in the flood, have died already, without ever knowing whether their full rights were resolved.
    Last edited by denk12: 27/03/17
 
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