caseyjones 0 Posted April 17, 2012 Share Posted April 17, 2012 Any news on what claims were made against them in court yesterday? 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,114 Posted April 17, 2012 Share Posted April 17, 2012 Any news on what claims were made against them in court yesterday? An update from The Lawyer Collyer Bristow faces £25m claim from Rangers FC administrators Collyer Bristow is facing damages claims of at least £25m over the firmâ??s role in the Rangers FC administration, The Lawyer can reveal. The ongoing legal wrangle in the fallout from the Scottish football clubâ??s lurch into financial difficulties was adjourned last month so that wider claims against its legal advisers could be submitted to the High Court by Monday (16 April 2012). The Lawyer understands that the additional claims relate to the firmâ??s involvement in Craig Whyteâ??s doomed takeover deal and the way that deal was structured. The football clubâ??s administrators, Duff & Phelps partners Paul Clark and David Whitehouse, allege that Collyer Bristow breached its rights and obligations under that deal. They have accused the firm of professional negligence and breach of fiduciary duty. But today the firm hit back and branded the administratorsâ?? claims â??highly speculativeâ? and pledged to â??vigorously defendâ? them. A spokesman for Collyer Bristow said: â??On 23 March Rangers administratorsâ?? made a request to vacate the previously agreed court date in order that they could consider bringing â??wider claimsâ?? against Collyer Bristow in relation to the takeover of Rangers Football Club and its subsequent administration. At this time the court set a deadline of 16 April for parties involved in the transaction to submit their claims. â??As expected, late yesterday evening (16 April) Collyer Bristow received detailed particulars of the claim on behalf of the administratorsâ?? Duff & Phelps. A significant proportion of the damages claimed by the administrators (in excess of £25m) relate to claims for â??consequential lossâ??, which we believe to be highly speculative. â??As we have previously stated, it is our intention to contest all claims brought by the administrators in the strongest possible terms and this remains our position.â? Collyer Bristow has instructed Clyde & Co partner Richard Harrison and senior associate Nicole McKinnon to defend the allegations. Clydes has called on 3VB counsel Cyril Kinsky QC and Matthew Hardwick, who will go up against South Square Chambersâ?? Mark Phillips QC and Mark Bayfield on behalf of Duff & Phelps. The administratorsâ?? counsel were instructed by Taylor Wessing restructuring partner Nick Moser. Collyer Bristow does not contest any claim to the £3.6m of client money that was transferred out of the firm to Taylor Wessing for safekeeping last month. The UK tax authorities, a pension fund and Duff & Phelps are all claiming a share. The further claims come as former Ibrox director Paul Murrayâ??s Blue Knights consortium took a step back in the race to buy the club. Singaporean Bill Ng looks like the favourite to complete a deal with administrators Duff and Phelps. Former Collyer Bristow partner Gary Withey, who advised on Whyte on the takeover of the historic Scottish club and was named as Rangers secretary following Whyteâ??s £1 buyout, last week resurfaced at City boutique Segens Solicitors (11 April 2012). Withey had left the firm when Rangers went into administration (5 March 2012). http://www.thelawyer.com/collyer-bristow-faces-%C2%A325m-claim-from-rangers-fc-administrators/1012215.article 0 Quote Link to post Share on other sites More sharing options...
der Berliner 3,834 Posted April 17, 2012 Share Posted April 17, 2012 Go Duff & Phelps, Go! We give you 5% of the money recouped as a bonus! 0 Quote Link to post Share on other sites More sharing options...
caseyjones 0 Posted April 17, 2012 Author Share Posted April 17, 2012 Gary Withey is showing signs of stress! 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,114 Posted April 17, 2012 Share Posted April 17, 2012 Go Duff & Phelps, Go! We give you 5% of the money recouped as a bonus! LOL... their minimum charge is 10% + expenses 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,114 Posted April 17, 2012 Share Posted April 17, 2012 Gary Withey is showing signs of stress! Mr Withey knows where the bodies are buried and just as importantly who buried them! 0 Quote Link to post Share on other sites More sharing options...
der Berliner 3,834 Posted April 17, 2012 Share Posted April 17, 2012 LOL... their minimum charge is 10% + expenses I know, but maybe an extra bonus will make them grow saberteeth 0 Quote Link to post Share on other sites More sharing options...
Darthter 542 Posted April 17, 2012 Share Posted April 17, 2012 Think everyone has missed the important thing from that information......I didn't know that Santa was a Bear!!!! 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,114 Posted April 17, 2012 Share Posted April 17, 2012 Think everyone has missed the important thing from that information......I didn't know that Santa was a Bear!!!! Well known fact if you go to the games ! 0 Quote Link to post Share on other sites More sharing options...
Ergatrude 0 Posted April 17, 2012 Share Posted April 17, 2012 I didn't realise Gandalf was a Bluenose.. & fuck me.. he has let himself go a bit. 0 Quote Link to post Share on other sites More sharing options...
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