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BCL's court action against ABG, page-6

  1. 717 Posts.
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    Thanks Blankskinpla

    You would be right there if they are held in trust through a nominee at the moment the nominee has control.

    But is just postpones the inevitable till some serious legal minds untangle the web. Either the shares are still RIO's or they are the ABG, PNG & landowners in whatever proportion. Has to be one or the other & there must be something in the trust deed which allows for the voting of those shares.

    Unless of course, RIO stitched it up when they made their 'gift'. Wouldn't that then open a can of worms.
    But they wouldn't have done anything like that would they @Andesite?

    If Central Me'ekamui JV P/L obtain leave to be part of the proceedings I'm sure this whole issue will receive some priority.
 
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