On Monday and Tuesday the Judicial Committee of the Privy Council consisting of Lords Neuberger; Mance; Sumption; Carnwath and Toulson heard submissions from the Parties on the appeal filed by Antigua Power Company Ltd. (APC). On Monday, the Court announced that they had come to the view that there was an agreement between APC and APUA. In short they decided that the Cabinet approval for "phase 1" and thereafter the further Cabinet approval to the joint venture agreement which had been signed by APC and APUA ("JVC") could have no other meaning than that there was an existing agreement between APC and APUA for APC's providing 50.9 mw generating power. Further, that it co... {Read More}