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Re: loophole73 post# 95720

Saturday, 02/19/2005 2:26:08 PM

Saturday, February 19, 2005 2:26:08 PM

Post# of 432922
Loop.

Once again, the air becomes a little clearer for the peons.

To put it in layman's terms, I believe you're saying that, ordinarily:

1. The panel makes its decision,

2. Transmits it to the ICC for final review.

3. Notifies the parties of the award.

In this case, it appears that:

1. BOTH PARTIES REQUESTED A DELAY from the panel, presumably for settlement purposes.

2. The panel requested approval from the ICC.

3. The ICC said "OK, but you can only delay until May 31."

If they settle, the party's over.

If they don't, an award will be made on May 31, unless the parties reach an impasse beforehand, and so notify the panel.

As usual, you've been very patient, Loop. Much appreciated.
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