Mickey's Telecom Corner

[olddog967]

mickey: In today’s post you come up with a new argument trying to support your idea that there is some secret agreement that the recently concluded arbitration determined if LG owed for 3G. The below statement is another of your non factual arguments.

“How did a decision be reached to ARBITRATE 3G with LG when there was no contract or license agreement any longer in force? There had to be some agreement between the parties that they would agree on arbitration which I believe determined if LG owed for 3G.”

The following is what actually happened.

In one of your previous posts, you posted a copy of the old Jan 2006 license.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=120384827&txt2find=LG|license

If you had bothered to read the entire license you would have found that Section 6.19, the survival clause, provides:

“Survival. The following provisions of this Agreement shall survive expiration or termination of this Agreement: ……… Article V (dispute resolution),…….”

That wording is very clear, and simply states that after the license expired on Dec 31, 2010, Article V, which calls for arbitration of disputes was still in effect. The courts and the arbitrators determined that the above clause in the expired contract was the basis for going into arbitration, not some special agreement as you posted.