STATEMENT FROM ARENA COVENTRY LIMITED (ACL)
A spokesperson said: “We note the announcement today that the High Court has dismissed the application by SISU to seek a judicial review of Coventry City Council’s decision to take over Yorkshire Bank’s loan to ACL. We are pleased to see that what we believe to be the correct judgement has beenmade in this unfortunate situation.
“Indeed, Mr Justice Males has made the reasons for his judgmentvery clear. We note, in particular, his reference to the withholding of lawfully owed rent by SISU as a means of exerting pressure on ACL in commercial negotiations, which had led to an unsatisfied judgment in the High Court inACL’s favour.”
“We are also pleased that Mr Justice Males has included in his judgment thedecision that ACL’s costs in relation to this dismissed case should be borne by SISU.”
A spokesperson said: “We note the announcement today that the High Court has dismissed the application by SISU to seek a judicial review of Coventry City Council’s decision to take over Yorkshire Bank’s loan to ACL. We are pleased to see that what we believe to be the correct judgement has beenmade in this unfortunate situation.
“Indeed, Mr Justice Males has made the reasons for his judgmentvery clear. We note, in particular, his reference to the withholding of lawfully owed rent by SISU as a means of exerting pressure on ACL in commercial negotiations, which had led to an unsatisfied judgment in the High Court inACL’s favour.”
“We are also pleased that Mr Justice Males has included in his judgment thedecision that ACL’s costs in relation to this dismissed case should be borne by SISU.”