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Q. Indicator based definition of phoenix activity?
Many stakeholders emphasised the importance of educating the community about the signs or indicators of phoenix activity. A definition could be framed around the common indicators listed. This is a similar to the ASIC definition which identifies three key characteristics of phoenix activity. However, like the corporate form based definition, an indicator definition may become outdated as phoenix activity evolves.
Both Sudan and the US are signatories to the "New York Convention." A Sudanese company has won its case in a Sudanese arbitration panel. The U.S. company has declined to pay this
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