Judicial review thread - day 2 (6 Viewers)

[shmmeee]

Seppala has put her umbrella up again....

Indoors?

Council win guaranteed, that.

 

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[ccfcway]

i'm struggling to understand how at least 95% of what has been said so far will determine if the loan is "lawful". ?

 

[Rob S]

Is it looking like the Council will be going all day tomorrow as well? Or might we have an early finish?

Going by the look of the skeleton arguments in the trial kit booklet, he will probably finish quicker than Sisu's guy did although he does seem to be getting into a bit of a groove now so could be going for a while.

Note to self: Bring between-meal snacks tomorrow.

 

[wes_cov]

i'm struggling to understand how at least 95% of what has been said so far will determine if the loan is "lawful". ?

It is sounding alot like Comedy Dave's tedious links....

 

[ccfcway]

Bear in mind that the CCC QC will be trying to give a positive spin to his side..

i am pretty sure we know that, we have just had the last day and a half of the other side do the same !

 

[Sub]

Going by the look of the skeleton arguments in the trial kit booklet, he will probably finish quicker than Sisu's guy did although he does seem to be getting into a bit of a groove now so could be going for a while.

Note to self: Bring between-meal snacks tomorrow.

opens fridge for a cold beer and chicken sandwich

 

[shmmeee]

Going by the look of the skeleton arguments in the trial kit booklet, he will probably finish quicker than Sisu's guy did although he does seem to be getting into a bit of a groove now so could be going for a while.

Note to self: Bring between-meal snacks tomorrow.

Anything interesting in the Council's skeleton argument?

 

[skybluetony176]

you've been very quiet too..... strange

He was the same during the higgs case. When sisu's counter was sent off in the first five minutes it was the most pointless thread ever and he was no longer interested, then as soon as members of the higgs family started getting a grilling he all of a sudden couldn't stop posting on the thread. Which I found strange at the time as grendull doesn't have a reputation for changing his mind and doing the exact opposite of what he said he was going to do.

 

[ccfcway]

Note to self: Bring between-meal snacks tomorrow.

can you buy them from the court, we need the revenues !

 

[ccfcway]

is that today over ?

 

[skybluetony176]

Seppala has put her umbrella up again....

Who the fuck does she think she is? Mary Poppins?

 

[Sub]

Council QC tells court presentation to Labour councillors stated primary objective was to protect investment in ACL.

 

[AFCCOVENTRY]

Good to see Ann Lucas taking it easy with her slippers on...

 

[ccfcway]

who is updating SP whilst he is on his cruise ?

I'd hate for him not to know the reverends lawn mower was broken..

 

[Sub]

Yorkshire Bank’s planned £15.5m loan refinancing to ACL would have meant £1.3m annual repayments.
The Australian bank which owned Yorkshire Bank did not want to write down the loan, Council QC tells court.

 

[ccfcway]

anyone have any clue whatsoever as to which way this could go ?

 

[letsallsingtogether]

So Sisu tried to tried to distress ACL by withholding he rent, ACL countered by getting a cheaper loan from CCC therefore levelling the field back to where it was at the beginning.

Now that is what I call a master stroke
Must have pissed off Sisu and their investors right off, no wonder they won't now talk to them. They must have thought they were in the driving seat. Their advisor's did a shit job not seeing that coming

 

[Sub]

Simon Gilbert @TheSimonGilbert · 44s Coun QC justifies length of £14.4m Council/ACL loan by saying council will earn £19.4m in interest alone over the 40 year term of the lease.

 

[TheRoyalScam]

Coun QC justifies length of £14.4m Council/ACL loan by saying council will earn £19.4m in interest alone over the 40 year term of the lease.

 

[Rob S]

Anything interesting in the Council's skeleton argument?

Thickness-wise it's 93 pages v 63 in 'favour' of Sisu.

Interesting stuff? Not at all. Basically 'Sisu's arguments are wrong, not state aid'

 

[letsallsingtogether]

Is she going to fly away.....

Who the fuck does she think she is? Mary Poppins?

 

[ccfcway]

Simon Gilbert@TheSimonGilbert · 44s Coun QC justifies length of £14.4m Council/ACL loan by saying council will earn £19.4m in interest alone over the 40 year term of the lease.

is that 3.3% ?

 

[Majik]

Simon Gilbert@TheSimonGilbert · 44s Coun QC justifies length of £14.4m Council/ACL loan by saying council will earn £19.4m in interest alone over the 40 year term of the lease.

That, to me, destroys the SISU case. It's a good business decision on CCCs behalf to invest money with a good return for taxpayers.

 

[AFCCOVENTRY]

@TheSimonGilbert: Coun QC justifies length of £14.4m Council/ACL loan by saying council will earn £19.4m in interest alone over the 40 year term of the lease.

 

[Rob S]

Bit of a ding-dong. CCC QC having a pop at Sisu being on their high horse but being hypocritical and throwing a few accusations about. Much rustling & muttering on Sisu side and Sisu QC making some points.

All over different approaches to the bank.

 

[Nick]

I bet QC banter is awful

It is like the MP's who just mutter and make silly noises.

 

[Grendel]

That, to me, destroys the SISU case. It's a good business decision on CCCs behalf to invest money with a good return for taxpayers.

It's a fucking awful deal and on a company valued at less than half the loan,

 

[covmark]

Bit of a ding-dong. CCC QC having a pop at Sisu being on their high horse but being hypocritical and throwing a few accusations about. Much rustling & muttering on Sisu side and Sisu QC making some points.

All over different approaches to the bank.

Sounds exciting

 

[Rob S]

can you buy them from the court, we need the revenues !

Only thing available is free water & free electricity (well, nobody has stopped me plugging into the floor socket next to Tim Fisher).

They're missing a trick here in the court complex...they'd make a fortune in coffee and tissue sales.

 

[Sub]

Simon Gilbert @TheSimonGilbert · 17s Council QC says Sisu were dealing with the bank behind the council's back too. Sisu QC says there's no evidence for that.

 

[Danceswithhorses]

Simon Gilbert@TheSimonGilbert · 44s Coun QC justifies length of £14.4m Council/ACL loan by saying council will earn £19.4m in interest alone over the 40 year term of the lease.

Sounds like a good investment for CCC, ACL, and city of Coventry...win, win, win.
Oh hold on, who loses out here...SISU - guess they wished they'd played fairly now.

 

[AFCCOVENTRY]

@TheSimonGilbert: Council QC says Sisu were dealing with the bank behind the council's back too. Sisu QC says there's no evidence for that.

 

[Si80]

is that 3.3% ?

Yip

 

[ccfcway]

That, to me, destroys the SISU case. It's a good business decision on CCCs behalf to invest money with a good return for taxpayers.

again, as I understand it, it maybe a great investment, it maybe the worst ever, does it matter ?

Surely this case is ONLY about if its lawful ?

 

[covmark]

Sounds like a good investment for CCC, ACL, and city of Coventry...win, win, win.
Oh hold on, who loses out here...SISU - guess they wished they'd played fairly now.

What about ccfc, is it a good deal for us??