InvestorsHub Logo
Followers 32
Posts 2781
Boards Moderated 0
Alias Born 02/23/2003

Re: mschere post# 136046

Sunday, 12/18/2005 11:45:46 AM

Sunday, December 18, 2005 11:45:46 AM

Post# of 433021
You make a very good point mschere. Why would the ICC set a "deadline" for Nokia's compliance with their rulings without also defining the consequences for non-compliance? Something along the lines of "Do what we say by this date, or else...(?)..". Seems like there would have to be an "or else" defined, but WHAT?

Had been assuming that legal expenses and interest on the amount due was all that Nokia was risking with their non-compliance, but it makes sense that the ICC's 45 day "deadline" would need to have some penalty provisions to back it up. Has me wondering what chance Nokia may have in getting the enforcement court to vacate, or to even modify, any of those ICC penalty provisions.

At the hearing on 12/2 the court wanted to know why Nokia was there and what legal basis there might be for vacating the ICC ruling. When Nokia did not have any meaningful answers for those questions, IMO it's not likely the court will be moved to cut them any slack on penalties.

The time for some serious settlement talks may be approaching.






Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent IDCC News