Steve1872 4 Posted February 17, 2014 Share Posted February 17, 2014 http://www.thelawyer.com/analysis/ma...016288.article Cohen & Stephen (The Liquidators of Rangers FC) & Ors v Collyer Bristow Late 2013, 5-10 days, Chancery Division For the claimant Cohen & Stephen (The Liquidators of Rangers FC): South Square?s Mark Philips QC leading South Square?s Stephen Robins previously instructed by Taylor Wessing partner Nick Moser, taken forward by Stephenson Harwood partner Stuart Frith For claimants the Trustees of the Jerome Group plc Pension Fund: Outer Temple Chambers? David E Grant, instructed by trustees David Simpson, who is also a qualified barrister For the claimants HMRC: South Square?s Lucy Frazer For the claimants Merchant Turnaround: Maitland Chambers? James Clifford and Matthew Smith of the same set, instructed by Macrae & Co?s Julian Turnbull For the respondent Collyer Bristow: 3 Verulam Buildings? Cyril Kinsky QC leading Matthew Hardwick of the same set, instructed by Clyde & Co partner Richard Harrison . The financial collapse of Rangers FC put in the public eye the club?s relationship with its professional advisers, including Collyer Bristow and former partner Gary Withey. Withey quit the firm in March after he became embroiled in the Glasgow club?s administration because he had advised businessman Craig Whyte on his takeover of the club in 2011. Duff & Phelps were appointed as the original administrators of the club and, in March last year, announced it would take action against the firm. When liquidators Cohen & Stephen took over the wind-down of the club it pledged to carry on the case. The firm has lodged a Part 20 claim against private equity firm Merchant Turnaround. Collyer Bristow stands accused of ?deliberate deception? over Whyte?s doomed bid for the club. The court heard at a pre-trial hearing in April that Collyer Bristow is alleged to have been involved in conspiracy, breach of undertaking, negligence and breach of trust, with Withey - who acted as the club?s company secretary - complicit in the allegations. It was revealed that when Whyte agreed a majority stake takeover offer in May 2011 he also pledged to pay off the club?s £18m debt to Lloyds Banking Group and invest £9.5m of ?new money? in the club. This included £5m for players, £2.8m to HMRC and £1.7m for capital expenditure. That offer persuaded then director Paul Murray and the board not to launch an alternative £25m share issue to generate the money needed to stabilise the club. Instead, the court was told, they agreed to Whyte?s takeover, with Collyer Bristow acting for Whyte. Administrators were called in February 2012 and various parties - including HMRC, private equity firm Merchant Turnaround and Jerome Pension Fund trustees - lobbied to reclaim their stakes in Rangers. The firm says it will vigorously defend the claims. Withey had originally applied to intervene in the case, but has now withdrawn his application. This battle will be closely followed by firms and fans alike as it promises to lay bare the firm?s relationship with Whyte and the club. 0 Quote Link to post Share on other sites More sharing options...
Steve1872 4 Posted February 17, 2014 Author Share Posted February 17, 2014 Lawyers for "Oldco" Rangers make motion to bring "Charlotte recordings" into evidence Now doing detailed argument over @charlottefakes tapes. CB lawyers also want them in. Football "forum" posts on charlotte tapes now being placed in evidence. "Charlotte emails" not followed up by press in "post-Leveson world" says counsel for CB 0 Quote Link to post Share on other sites More sharing options...
Steve1872 4 Posted February 17, 2014 Author Share Posted February 17, 2014 Lawyer for CB says Craig Whyte has emailed court and has "no objection" to @Charlottefakes material being used in evidence. No police objection to Charlotte material being used as evidence court hears Judge suggests transcript of "Charlotte" material made with anything legally privileged redacted, discussion continuing Police withdrew objection over "Charlotte material" on Feb 13 court hears Court ends, judge rules "Charlotte"material is admissible in full trial as no police objections. 0 Quote Link to post Share on other sites More sharing options...
gisabeer 409 Posted February 17, 2014 Share Posted February 17, 2014 for give my ignorance but what is the charlotte material 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,114 Posted February 17, 2014 Share Posted February 17, 2014 So all parties effectively legitimise Charlotte Fakes, hope der Berliner doesn't spontaneously combust! 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted February 17, 2014 Share Posted February 17, 2014 Yes time to stop kidding on this stuff isn't real just because we don't like it. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted February 17, 2014 Share Posted February 17, 2014 for give my ignorance but what is the charlotte material Tapes of Whyte and green discussing Whyte owning us after admin etc. 0 Quote Link to post Share on other sites More sharing options...
Super Cooper 0 Posted February 17, 2014 Share Posted February 17, 2014 So was Bomber right all along then? 0 Quote Link to post Share on other sites More sharing options...
der Berliner 3,815 Posted February 17, 2014 Share Posted February 17, 2014 Tapes of Whyte and green discussing Whyte owning us after admin etc. I would assume that that is not exactly what these chaps up there are looking at, as interesting it might be. They speak about the takeover in 2011 and the admin event in 2012, not about Green taking the club over after the CVA "failed". The point remains that hardly anyone is able to verify quite a number of this stuff and, what also should be highly contentious, how it got into the hands of this "whistleblower". I reckon not by legal means ... no matter how important it is for Whyte's takeover or Green's conning of Whyte. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted February 17, 2014 Share Posted February 17, 2014 The police seem to disagree 0 Quote Link to post Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.