Jamaica Responds to Music Licensing Inc.’s Negotiation Request After Cooling-Off Period Ends, Prompting Further Discussions
Music Licensing, Inc. (OTC: SONG) and Jake P. Noch Family Office, are in ongoing negotiations with the Government of Jamaica following a delayed response to their formal request for discussions. The cooling-off period, important for amicable dispute resolution, expired without a timely response from Jamaican authorities. While committed to good-faith negotiations, the companies warn that failure to reach a satisfactory monetary resolution may lead to Investor-State Arbitration at the International Centre for Settlement of Investment Disputes (ICSID). Transnational Matters PLLC, with Davy Karkason, Esq. as principal attorney, is prepared to lead potential arbitration proceedings to protect the companies' investments and legal rights.
Music Licensing, Inc. (OTC: SONG) e Jake P. Noch Family Office sono in negoziazioni in corso con il governo della Giamaica a seguito di una risposta tardiva alla loro richiesta formale di discussione. Il periodo di raffreddamento, importante per una risoluzione amichevole delle controversie, è scaduto senza una risposta tempestiva dalle autorità giamaicane. Pur essendo impegnate in negoziazioni di buona fede, le aziende avvertono che la mancata raggiungimento di una risoluzione monetaria soddisfacente potrebbe portare a un Arbitrato tra Investitore e Stato presso il Centro Internazionale per la Risoluzione delle Controversie sugli Investimenti (ICSID). Transnational Matters PLLC, con Davy Karkason, Esq. in qualità di avvocato principale, è pronta a guidare potenziali procedimenti arbitrali per proteggere gli investimenti e i diritti legali delle aziende.
Music Licensing, Inc. (OTC: SONG) y Jake P. Noch Family Office están en negociaciones continuas con el gobierno de Jamaica tras una respuesta retrasada a su solicitud formal de discusiones. El período de enfriamiento, importante para la resolución amistosa de disputas, expiró sin una respuesta oportuna de las autoridades jamaicanas. Aunque están comprometidas con negociaciones de buena fe, las empresas advierten que la falta de un acuerdo monetario satisfactorio puede llevar a un Arbitraje entre Inversor y Estado en el Centro Internacional de Arreglo de Diferencias Relativas a Inversiones (ICSID). Transnational Matters PLLC, con Davy Karkason, Esq. como abogado principal, está lista para liderar posibles procedimientos de arbitraje para proteger las inversiones y derechos legales de las empresas.
뮤직 라이선싱 주식회사 (OTC: SONG)과 제이크 P. 노치 패밀리 오피스는 정식 논의 요청에 대한 지연된 응답에 따라 자메이카 정부와 진행 중인 협상을 하고 있습니다. 냉각 기간은 원만한 분쟁 해결을 위해 중요하지만, 자메이카 당국의 시기적절한 응답 없이 만료되었습니다. 선의의 협상에 전념하고 있지만, 회사들은 만족스러운 금전적 해결에 실패할 경우 투자자-국가 중재가 국제투자분쟁해결센터(ICSID)에서 이루어질 수 있다고 경고합니다. Transnational Matters PLLC는 Davy Karkason, Esq.가 주임 변호사로 준비하여 회사들의 투자와 법적 권리를 보호하기 위한 잠재적인 중재 절차를 주도할 준비가 되어 있습니다.
Music Licensing, Inc. (OTC: SONG) et Jake P. Noch Family Office sont en négociations en cours avec le gouvernement de la Jamaïque suite à une réponse tardive à leur demande formelle de discussions. La période de cooling-off, importante pour une résolution amiable des conflits, a expiré sans réponse rapide des autorités jamaïcaines. Bien qu'engagées dans des négociations de bonne foi, les entreprises avertissent que l'échec d'atteindre une résolution monétaire satisfaisante pourrait conduire à un Arbitrage Investisseur-État au Centre international pour le règlement des différends relatifs aux investissements (CIRDI). Transnational Matters PLLC, avec Davy Karkason, Esq. comme avocat principal, est prête à diriger de potentiels procédés d'arbitrage pour protéger les investissements et les droits légaux des entreprises.
Music Licensing, Inc. (OTC: SONG) und das Jake P. Noch Family Office befinden sich in laufenden Verhandlungen mit der Regierung von Jamaika, nachdem eine verspätete Antwort auf ihre formelle Anfrage für Gespräche eingegangen ist. Die Abkühlungsphase, die für eine einvernehmliche Streitbeilegung wichtig ist, ist abgelaufen, ohne dass die jamaikanischen Behörden rechtzeitig geantwortet haben. Während sie sich um gute Glaubensverhandlungen bemühen, warnen die Unternehmen, dass ein Scheitern bei der Erreichung einer zufriedenstellenden finanziellen Lösung zu einem Investor-Staats-Schiedsverfahren beim Internationalen Zentrum für die Beilegung von Investitionsstreitigkeiten (ICSID) führen könnte. Transnational Matters PLLC, unter der Leitung von Davy Karkason, Esq., ist bereit, mögliche Schiedsverfahren zu führen, um die Investitionen und rechtlichen Ansprüche der Unternehmen zu schützen.
- Ongoing negotiations with the Government of Jamaica indicate potential for resolution
- Preparedness for Investor-State Arbitration if negotiations fail shows commitment to protecting investments
- Delayed response from Jamaican authorities after cooling-off period expiration may complicate negotiations
- Potential for costly and time-consuming arbitration proceedings if a resolution is not reached
Naples, FL, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Music Licensing, Inc. (OTC: SONG) and Jake P. Noch Family Office, LLC. are currently engaged in ongoing negotiations with the Government of Jamaica. This follows a delayed response to Music Licensing Inc.’s formal request for discussions, which was only received after the legally mandated cooling-off period had concluded.
The cooling-off period, intended as a critical phase for allowing amicable dispute resolution, was fully exhausted without a timely response from the Jamaican authorities. Despite this delay, Music Licensing, Inc. and Jake P. Noch Family Office, LLC. remain committed to good-faith negotiations with the Government of Jamaica.
However, should a satisfactory monetary resolution in favor of Music Licensing, Inc. not be achieved promptly, the companies will have no alternative but to initiate Investor-State Arbitration at the International Centre for Settlement of Investment Disputes (ICSID) to protect their investments and legal rights.
The potential arbitration process would be led by Transnational Matters PLLC, a law firm with expertise in international law and investor-state disputes. Davy Karkason, Esq., a distinguished expert in the field, is set to serve as the principal attorney representing Music Licensing, Inc. and Jake P. Noch Family Office, LLC. throughout the arbitration proceedings, should they become necessary.
Music Licensing, Inc. and Jake P. Noch Family Office, LLC. remain hopeful that these negotiations will result in a fair and equitable resolution of the matter.
About Music Licensing, Inc. (OTC: SONG) (ProMusicRights.com)
Music Licensing, Inc. (OTC: SONG), also known as Pro Music Rights, is a diversified holding company and the fifth public performance rights organization (PRO) formed in the United States. Its licensees include notable companies such as TikTok, iHeart Media, Triller, Napster, 7Digital, Vevo, and many others. Pro Music Rights holds an estimated market share of
Additionally, Music Licensing, Inc. (OTC: SONG) owns royalty stakes in Listerine "Mouthwash" Antiseptic and musical works by artists such as The Weeknd, Justin Bieber, Kanye West, Elton John, Mike Posner, blackbear, Lil Nas X, Lil Yachty, DaBaby, Stunna 4 Vegas, Miley Cyrus, Lil Wayne, XXXTentacion, Jeremih, Ty Dolla $ign, Eric Bellinger, Ne-Yo, MoneyBagg Yo, Halsey, Desiigner, DaniLeigh, Rihanna, and numerous others.
About Transnational Matters PLLC
Transnational Matters PLLC is a law firm with a strong focus on international law, investor-state dispute settlement, and complex arbitration cases. The firm represents clients in high-stakes legal matters across the globe.
About Jake P. Noch Family Office, LLC. https://www.jakepnoch.com/
Jake P. Noch Family Office, LLC. is a single-family office with no outside clients, dedicated to strategically investing in Qualified Small Business Stock (QSBS) and fostering the growth of emerging companies. Our firm specializes in guiding these ventures towards successful exits through public market mergers, leveraging our expertise and resources to maximize their potential.
At Jake P. Noch Family Office, LLC., we are more than just investors - we are partners committed to the long-term success of the companies we support. Through continuous financial backing facilitated by court approved 3(a)(10) mechanisms, we provide ongoing support to ensure sustained growth and prosperity, driving value creation and innovation in the businesses we invest in.
Forward-Looking Statements:
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Jake P. Noch Family Office, LLC. to accomplish its stated plan of business. Jake P. Noch Family Office, LLC. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by Jake P. Noch Family Office, LLC., or any other person.
Forward-Looking Statements:
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Music Licensing, Inc. & Pro Music Rights, Inc. to accomplish its stated plan of business. Music Licensing, Inc. & Pro Music Rights, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by Pro Music Rights, Inc., Music Licensing, Inc., or any other person.
Non-Legal Advice Disclosure:
This press release does not constitute legal advice, and readers are advised to seek legal counsel for any legal matters or questions related to the content herein.
Non-Investment Advice Disclosure:
This communication is intended solely for informational purposes and does not in any way imply or constitute a recommendation or solicitation for the purchase or sale of any securities, commodities, bonds, options, derivatives, or any other investment products. Any decisions related to investments should be made after thorough research and consultation with a qualified financial advisor or professional. We assume no liability for any actions taken or not taken based on the information provided in this communication
Contact: investors@ProMusicRights.com
SOURCE: Music Licensing, Inc
FAQ
What is the current status of Music Licensing Inc.'s (SONG) negotiations with Jamaica?
What action might Music Licensing Inc. (SONG) take if negotiations with Jamaica fail?
Who will represent Music Licensing Inc. (SONG) in potential arbitration proceedings with Jamaica?
What happened during the cooling-off period between Music Licensing Inc. (SONG) and Jamaica?
