Judicial review thread - day 2 (1 Viewer)

ccfcway

Well-Known Member
i'm struggling to understand how at least 95% of what has been said so far will determine if the loan is "lawful". ?
 

Rob S

Well-Known Member
Is it looking like the Council will be going all day tomorrow as well? Or might we have an early finish?

Going by the look of the skeleton arguments in the trial kit booklet, he will probably finish quicker than Sisu's guy did although he does seem to be getting into a bit of a groove now so could be going for a while.

Note to self: Bring between-meal snacks tomorrow.
 

Sub

Well-Known Member
Going by the look of the skeleton arguments in the trial kit booklet, he will probably finish quicker than Sisu's guy did although he does seem to be getting into a bit of a groove now so could be going for a while.

Note to self: Bring between-meal snacks tomorrow.

opens fridge for a cold beer and chicken sandwich :D
 

shmmeee

Well-Known Member
Going by the look of the skeleton arguments in the trial kit booklet, he will probably finish quicker than Sisu's guy did although he does seem to be getting into a bit of a groove now so could be going for a while.

Note to self: Bring between-meal snacks tomorrow.

Anything interesting in the Council's skeleton argument?
 

skybluetony176

Well-Known Member
you've been very quiet too..... strange

He was the same during the higgs case. When sisu's counter was sent off in the first five minutes it was the most pointless thread ever and he was no longer interested, then as soon as members of the higgs family started getting a grilling he all of a sudden couldn't stop posting on the thread. Which I found strange at the time as grendull doesn't have a reputation for changing his mind and doing the exact opposite of what he said he was going to do.
 

Sub

Well-Known Member
Council QC tells court presentation to Labour councillors stated primary objective was to protect investment in ACL.
 

ccfcway

Well-Known Member
who is updating SP whilst he is on his cruise ?

I'd hate for him not to know the reverends lawn mower was broken..
 

Sub

Well-Known Member
Yorkshire Bank’s planned £15.5m loan refinancing to ACL would have meant £1.3m annual repayments.
The Australian bank which owned Yorkshire Bank did not want to write down the loan, Council QC tells court.
 

letsallsingtogether

Well-Known Member
So Sisu tried to tried to distress ACL by withholding he rent, ACL countered by getting a cheaper loan from CCC therefore levelling the field back to where it was at the beginning.

Now that is what I call a master stroke :p
Must have pissed off Sisu and their investors right off, no wonder they won't now talk to them. They must have thought they were in the driving seat. Their advisor's did a shit job not seeing that coming :eek:
 

Sub

Well-Known Member
Simon Gilbert @TheSimonGilbert · 44s Coun QC justifies length of £14.4m Council/ACL loan by saying council will earn £19.4m in interest alone over the 40 year term of the lease.
 

TheRoyalScam

Well-Known Member
Coun QC justifies length of £14.4m Council/ACL loan by saying council will earn £19.4m in interest alone over the 40 year term of the lease.
 

Majik

Member
Simon Gilbert@TheSimonGilbert · 44s Coun QC justifies length of £14.4m Council/ACL loan by saying council will earn £19.4m in interest alone over the 40 year term of the lease.

That, to me, destroys the SISU case. It's a good business decision on CCCs behalf to invest money with a good return for taxpayers.
 

AFCCOVENTRY

Well-Known Member
@TheSimonGilbert: Coun QC justifies length of £14.4m Council/ACL loan by saying council will earn £19.4m in interest alone over the 40 year term of the lease.
 

Rob S

Well-Known Member
Bit of a ding-dong. CCC QC having a pop at Sisu being on their high horse but being hypocritical and throwing a few accusations about. Much rustling & muttering on Sisu side and Sisu QC making some points.

All over different approaches to the bank.
 

Grendel

Well-Known Member
That, to me, destroys the SISU case. It's a good business decision on CCCs behalf to invest money with a good return for taxpayers.

It's a fucking awful deal and on a company valued at less than half the loan,
 

covmark

Well-Known Member
Bit of a ding-dong. CCC QC having a pop at Sisu being on their high horse but being hypocritical and throwing a few accusations about. Much rustling & muttering on Sisu side and Sisu QC making some points.

All over different approaches to the bank.

Sounds exciting :sleep:
 

Rob S

Well-Known Member
can you buy them from the court, we need the revenues !

Only thing available is free water & free electricity (well, nobody has stopped me plugging into the floor socket next to Tim Fisher).

They're missing a trick here in the court complex...they'd make a fortune in coffee and tissue sales.
 

Sub

Well-Known Member
Simon Gilbert @TheSimonGilbert · 17s Council QC says Sisu were dealing with the bank behind the council's back too. Sisu QC says there's no evidence for that.
 

Danceswithhorses

Well-Known Member
Simon Gilbert@TheSimonGilbert · 44s Coun QC justifies length of £14.4m Council/ACL loan by saying council will earn £19.4m in interest alone over the 40 year term of the lease.
Sounds like a good investment for CCC, ACL, and city of Coventry...win, win, win.
Oh hold on, who loses out here...SISU - guess they wished they'd played fairly now.
 

AFCCOVENTRY

Well-Known Member
@TheSimonGilbert: Council QC says Sisu were dealing with the bank behind the council's back too. Sisu QC says there's no evidence for that.
 

ccfcway

Well-Known Member
That, to me, destroys the SISU case. It's a good business decision on CCCs behalf to invest money with a good return for taxpayers.

again, as I understand it, it maybe a great investment, it maybe the worst ever, does it matter ?

Surely this case is ONLY about if its lawful ?
 

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