Churchill Mining has announced that the International Centre for the Settlement of Investment Disputes' tribunal decision on document authenticity in the company's dispute with the government of Indonesia will be delayed.
Churchill announced on 21 June that the ICSID tribunal advised that it expected to issue its decision on authenticity during September.
The company has now received a letter from the tribunal inviting Churchill and Indonesia to provide their views on three points of international law arising out of a particular legal authority.
Whilst the tribunal advised that it regretted the delay that these additional submissions will cause to the planned issuance of its decision, the Tribunal deemed it appropriate to give the parties an opportunity to comment on these specific points of law.
The tribunal has further advised that once it has deliberated on the parties' additional submissions it expects to be in a position to issue its decision. The tribunal has set the deadline for lodgement of the parties' additional submission as Friday 23 September, with any submissions in reply to be filed by Friday 7 October 2016.
Churchill chairman David Quinlivan said: "The Company will file the requested submission and reply in accordance with the advised timetable and we look forward to the Tribunal handing down its decision."
(LON:CHL) Churchill Mining PLC share price was -3.5p at 25.25p