If Sisu / Arvo get JR compensation ? (1 Viewer)

[Kingokings204]

If the loan is repaid then sisu can come in and but the debt like the roadmap suggested or ACL can go admin or bust. ACL won't go bust as the shareholders will get nothing back on their shares due to no major creditors so it will restructure the loan with or without sisu.

 

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[Godiva]

If the loan is repaid then sisu can come in and but the debt like the roadmap suggested or ACL can go admin or bust. ACL won't go bust as the shareholders will get nothing back on their shares due to no major creditors so it will restructure the loan with or without sisu.

I don't think that can be done. Would YB agree to a new loan of £14m? I think both sides and even the judge agreed that would not be the case.
And even IF they found a new lender - the loan would reflect the increased risks and demand a huge interest. That in itself would make it impossible to survive.

So yes - ACL going bust was - and remains - very much an option.

 

[covcity4life]

jon said there was no chance sisu would win this before?

getting an argument ready just in case?

classic trolling jon, i salute you.

 

[dongonzalos]

I was agreeing with everything until the very last sentence.

In my understanding - ordering the repaying of the loan is not a remedy but an obligatory action if unlawful state aid is the ruling.
Then I agree again - damages would probably need a seperate hearing, but the judge may rule if he will allow such a hearing or not.

http://www.publiclawproject.org.uk/data/resources/116/PLP_2006_Remedies_In_JR.pdf

 

[dongonzalos]

http://www.publiclawproject.org.uk/data/resources/116/PLP_2006_Remedies_In_JR.pdf

Worth a quick glance very concise and clear

 

[shmmeee]

I was agreeing with everything until the very last sentence.

In my understanding - ordering the repaying of the loan is not a remedy but an obligatory action if unlawful state aid is the ruling.
Then I agree again - damages would probably need a seperate hearing, but the judge may rule if he will allow such a hearing or not.

From what I've read, it seems the decision would need to be taken again, but there's nothing stopping the council from making the same decision. If, for example, it does hinge on something like notifying the EU, it could well be that they notify them and the EU have no issue with it.

Whatever happens, it won't be clear cut I fear.

 

[fernandopartridge]

From what I've read, it seems the decision would need to be taken again, but there's nothing stopping the council from making the same decision. If, for example, it does hinge on something like notifying the EU, it could well be that they notify them and the EU have no issue with it.

Whatever happens, it won't be clear cut I fear.

I don't think the notification really matters in the context of this case. I would imagine failing to notify is a slap on the wrist potentially. Notifying doesn't mean its suddenly legal state aid.

 

[Godiva]

Worth a quick glance very concise and clear

I agree - very educational!
Thanks again.