3rd Feb 2015 09:45
LONDON (Alliance News) - Churchill Mining PLC on Tuesday said it is seeking to replace its lawyers in the ongoing arbitration dispute with the Indonesian government.
Churchill Mining said it is seeking to replace Quinn Emanuel Urquhart & Sullivan LLP with Clifford Chance LLP.
Clifford Chance has already been appointed counsel for Planet Mining Pty Ltd, the subsidiary of Churchill which also has ongoing arbitration proceedings against Indonesia.
Churchill Mining is currently in dispute with Indonesia about getting compensation for the revocation of mining licenses relating to the East Kutai coal project in East Kalimantan, in which it has a 75% interest.
In August, the Indonesian government started making police raids of the company's Jakarta offices as part of an investigation into alleged license document forgery, seizing records and equipment in the process.
Churchill Mining shares were trading up 7.8% at 12.40 pence on Tuesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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