craig 5,199 Posted February 28, 2013 Share Posted February 28, 2013 Also, Iam quite sure that BDO will not accept that the fine is to be added to the list of Creditors as it is too late to be added, so therefore it will not be paid, even at whatever rate is eventually agreed p in the £ with creditors. I await the SPL now trying to pass this debt on under the 5 way agreement to the current Rangers board. They are in desparate need of the cash as this case has cost them about £500K. Nice work for celtics lawyers and LNS. Are you sure that it is too late to be added ? What is the time limit for making claim against an insolvent company ? In Bermuda you can actually make claim up to 10 years after the insolvency event I think - not that you would get paid.... 0 Quote Link to post Share on other sites More sharing options...
Tannochsidebear 2,511 Posted February 28, 2013 Share Posted February 28, 2013 Are you sure that it is too late to be added ? What is the time limit for making claim against an insolvent company ? In Bermuda you can actually make claim up to 10 years after the insolvency event I think - not that you would get paid.... I am only going with what I have heard. BDO had already intimated, off the record like, that if a fine was imposed on oldco they would refuse to add it to the creditors list. They must have some legal way of doing this or it may just be bluster, but all the same it would be fantastic to find out that the SPL's fine for this shambles was never realised. 0 Quote Link to post Share on other sites More sharing options...
barca72 440 Posted February 28, 2013 Share Posted February 28, 2013 I would think that by registering the decision against the 'oldco', the SPL - in the event that BDO come after the SPL for illegally witholding last year's prize money - can offset the 250k from any judgement BDO may get against them. A hollow victory indeed, but justification for going forward with this farce was required. 0 Quote Link to post Share on other sites More sharing options...
GovanAllan 0 Posted February 28, 2013 Share Posted February 28, 2013 I would think that by registering the decision against the 'oldco', the SPL - in the event that BDO come after the SPL for illegally witholding last year's prize money - can offset the 250k from any judgement BDO may get against them. A hollow victory indeed, but justification for going forward with this farce was required. Are the SPL allowed to withhold funds from Company liquidators? 0 Quote Link to post Share on other sites More sharing options...
Bluedell 6,051 Posted February 28, 2013 Author Share Posted February 28, 2013 Are the SPL allowed to withhold funds from Company liquidators? Was the debt not transferred to newco as part of Greens buy-out? If so, the the liquidators would have no claim to it. 0 Quote Link to post Share on other sites More sharing options...
Steve1872 4 Posted February 28, 2013 Share Posted February 28, 2013 alex thomson@alextomoInvited on STV's Scotland Tonight with Jim Traynor and Graham Spiers. Tonight. 0 Quote Link to post Share on other sites More sharing options...
Guest Dummiesoot Posted February 28, 2013 Share Posted February 28, 2013 will watch that then squeersy squirming jt ripping him a new one. 0 Quote Link to post Share on other sites More sharing options...
GovanAllan 0 Posted February 28, 2013 Share Posted February 28, 2013 Was the debt not transferred to newco as part of Greens buy-out? If so, the the liquidators would have no claim to it. Never heard that, thought the 2nd place money was still at the SPL. 0 Quote Link to post Share on other sites More sharing options...
The Real PapaBear 0 Posted February 28, 2013 Share Posted February 28, 2013 alex thomson@alextomoInvited on STV's Scotland Tonight with Jim Traynor and Graham Spiers. Tonight. cheers for the heads up. Sky +ed 0 Quote Link to post Share on other sites More sharing options...
Tannochsidebear 2,511 Posted February 28, 2013 Share Posted February 28, 2013 alex thomson@alextomoInvited on STV's Scotland Tonight with Jim Traynor and Graham Spiers. Tonight. On FF there and Traynor has not been invited (yet) to go on the show. Not sure who will be on to represent RFC against that pair of horrible liars and Rangers-haters. 0 Quote Link to post Share on other sites More sharing options...
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