provided one of the key reference points
enabling the British side to draw limits to the finance concessions by arguing
that they were not envisaged at the time
of the memoranda. Although bids were
submitted in March 1984, the customer was
the Joint Venture Company and real
negotiations could not start until the
JVC was established.
At the technical level, there were
continuing discussions with companies and
the "nascent" JVC at their headquarters
in Shenzhen just north of the Hong Kong
-
border. But the progress of the JVC
negotiations was fraught
M
legal liability;
offtake volume and price formulae; shortfall
provisions, etc. With CLP's majority
shareholder being Exxon, there were also
difficulties that had to be resolved in
New York.
The JVC agreement was formally ratified
in January 1985. Just before then, when
it appeared that these negotiations were
going to be successfully concluded, in
December 1984, the Bank of China negotiating
My Ad dann vannna vanna vana vapaana varmaan sama Anna Magnanni Mata VRATA
team visited London and Paris for
"exploratory" talks, but really to
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