At the most recent court appearance, the judge insisted that all parties head off for mediation. As far as I know, there have been no media reports of this taking place (anybody know differently? If so, please do correct me) so perhaps no news is bad news.
I suspect the judge had little option in suggesting mediation, but fully expects it not to work and for the process to bumble along until the inevitable next hearing. Sisu's only way out now si to break Wasps via legal action and get compo running into the millions from the council; for that reason alone, mediation is no good to them as, by very definition, a negotiated settlement agreed on all sides will not be the one-sided, epmhatic victory that Sisu want and need.
I was hoping that Dave Boddy would be able, Waggott-style, to take charge and let TF and Joy hide in the background whilst sorting out an acceptable deal for a Ricoh extension, but I really wouldn't blame Wasps if they use the threat of non-extension of our lease to force a permanent end to the legals. That's what I'd do in their situation. OK Sisu might call their bluff and they're left without a tenant, but they have to weigh the odds and figure out how likely that is. I suspect provided they put an attractive deal on the table to Sisu on condition of calling off the legals, that might do it........let's hope so anyway.
