Judicial review thread - day 2 (1 Viewer)

Sub · Jun 11, 2014

Simon Gilbert@TheSimonGilbert · 1m Council QC says fact Yorkshire Bank offered 15.5m loan to ACK kills Sisu state aid claim "stone dead"

Rob S · Jun 11, 2014

Sub said:
In coundon court
reading twitter

Ha! Probably more chance to wander off for a snack there...

Sub · Jun 11, 2014

Simon Gilbert@TheSimonGilbert · 1m Coun QC says Sisu paint picture the only option council had was to do business with them. Council disagreed.

AFCCOVENTRY · Jun 11, 2014

@TheSimonGilbert: Council QC says fact Yorkshire Bank offered 15.5m loan to ACK kills Sisu state aid claim "stone dead"

fernandopartridge · Jun 11, 2014

AFCCOVENTRY said:
@TheSimonGilbert: Coun QC says there was no conflict with directors of ACL also working for council as officers were used to provide advise.

Deary me. I hate people misspelling 'advice'.

Sub · Jun 11, 2014

Rob S said:
Ha! Probably more chance to wander off for a snack there...

fully stocked fridge of beer and food here

Rob S · Jun 11, 2014

CCC QC getting his turn for a grilling now. Can't say the judge isn't being fair.

Oh crap, we're back onto car parks...

AFCCOVENTRY · Jun 11, 2014

@TheSimonGilbert: Judge says Sisu case "seems worse than that" as Sisu was only prepared to offer bank 4-5m for bank loan.

Sub · Jun 11, 2014

Simon Gilbert@TheSimonGilbert · 10s Judge says Sisu case "seems worse than that" as Sisu was only prepared to offer bank 4-5m for bank loan.

shmmeee · Jun 11, 2014

Rob S said:
Translation: My Dad hates him. (Unless he's praising his reporting on other issues.)

Stay classy Rob.

AFCCOVENTRY · Jun 11, 2014

@TheSimonGilbert: Judge believes likelihood of bank accepting lower Sisu offer is "questionable"

Rob S · Jun 11, 2014

Sub said:
fully stocked fridge of beer and food here

*cries*

AFCCOVENTRY · Jun 11, 2014

@TheSimonGilbert: Sisu argument was that they could have better negotiated with the bank. Coun QC says bank rejected later offers of 6 and 12m

shmmeee · Jun 11, 2014

AFCCOVENTRY said:
@TheSimonGilbert: Judge believes likelihood of bank accepting lower Sisu offer is "questionable"

Didn't they reject the offer of was it £6m? £4m? from the council in the first place?

Edit: beaten by Council QC

fernandopartridge · Jun 11, 2014

Amazing how Simon has come to life now.

_brian_ · Jun 11, 2014

fernandopartridge said:
Deary me. I hate people misspelling 'advice'.

Any chance you could advice how it should be spelt?!?! LOL! I'm just pulling your plonker*!

(*In a bl00dy bloke type of way, not homo5exually!)

Nick · Jun 11, 2014

fernandopartridge said:
Amazing how Simon has come to life now.

The use of " " is always interesting too

covcity4life · Jun 11, 2014

shmmeee said:
Stay classy Rob.

hes right though, you like to chat shit about others but when everyone pulls you up for the bitter puppet you are you cry foul.

shmmeee · Jun 11, 2014

fernandopartridge said:
Amazing how Simon has come to life now.

TBF he posted more in the first few minutes of the Sisu case, I think it just gets more boring as it goes on.

Sub · Jun 11, 2014

Simon Gilbert@TheSimonGilbert · 1m Sisu argument was that they could have better negotiated with the bank. Coun QC says bank rejected later offers of 6 and 12m

shmmeee · Jun 11, 2014

covcity4life said:
hes right though, you like to chat shit about others but when everyone pulls you up for the bitter puppet you are you cry foul.

I knew taking you off ignore was a mistake.

Go on, "pull me up". You sad, strange, little man.

TheRoyalScam · Jun 11, 2014

_brian_ said:
I think you're on to something!!!

ladespiser = les reids pa!!!

Oh my LOL!!!

ladespiser also = piss dealer

Deleted member 5849 · Jun 11, 2014

TheRoyalScam said:
ladespiser also = piss dealer

It's also remarkably close to an anagram of 'Ann Lucas and John Mutton's Secret Skybluetalk account'

If you change a few letters.

CovFan · Jun 11, 2014

covcity4life said:
hes right though, you like to chat shit about others but when everyone pulls you up for the bitter puppet you are you cry foul.

torchomatic · Jun 11, 2014

And add a few.

Makes sense to me.

Deleted member 5849 said:
It's also remarkably close to an anagram of 'Ann Lucas and John Mutton's Secret Skybluetalk account'

If you change a few letters.

Sub · Jun 11, 2014

Council QC says Yorkshire Bank’s decision to offer a restructured £15.5m loan to ACL “kills the claimants’ case on state aid stone dead.”
Council QC says Sisu’s case is that the council should have accepted their offer on their terms.
Judge cuts in and says it was “worse than that” as Sisu was not prepared to pay more than £5m for the bank loan and it must be debatable they would have accepted that.
Council QC says it may have been a legitimate option to let ACL go into liquidation but it was right to look hard for other options first.
Council would get “significant return” through interest on the £14.4m loan.
Loan deal removed the impasse on rent negotiations says Council QC.

shmmeee · Jun 11, 2014

What's the judges point when he'c cut in there when he says "it's worse than that"?

Not getting that bit.

CovFan · Jun 11, 2014

Deleted member 5849 said:
It's also remarkably close to an anagram of 'Ann Lucas and John Mutton's Secret Skybluetalk account'

If you change a few letters.

If you read his posts backwards he is either saying "I love sisu, acl are the devil" or is giving an excellent recipe for chicken soup.

Sub · Jun 11, 2014

shmmeee said:
What's the judges point when he'c cut in there when he says "it's worse than that"?

Not getting that bit.

perhaps he means worse than “kills the claimants’ case on state aid??????

shmmeee · Jun 11, 2014

This is so weird, it's like an average SBT thread in High Court...

I'm waiting for someone to make a terrible pun or call the judge an ACL plant.

TheRoyalScam · Jun 11, 2014

Another anagram:

ladespiser = real pissed

wince · Jun 11, 2014

What's the judges point when he'c cut in there when he says "it's worse than that"?

Not getting that bit.

He means that if the council coundnt get the loan for 6 or 12 mill sisu wanted tgo pay less than that

torchomatic · Jun 11, 2014

or: repaid less

TheRoyalScam said:
Another anagram:

ladespiser = real pissed

skybluetony176 · Jun 11, 2014

fernandopartridge said:
Amazing how Simon has come to life now.

Let's be honest sisu haven't said nothing in court that they haven't already been saying. At best they just confirmed the financial figures of the spin they've been spinning for longer than anyone cares to remember. So nothing much new to report, certainly no smoking gun that I can see.

The council on the other hand have been on a media black out for as long as anyone can remember. So what they've got to say in answer to the last umpteen months of sisu spin was always going to be more interesting. Was it not.

Rob S · Jun 11, 2014

fernandopartridge said:
Amazing how Simon has come to life now.

TBF, the Sisu QC summary was going over existing ground so not much new. We'll see how the day's summary looks ;-)

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