Sorry fp had to rejig that..... no one has decided that CCC provided state aid as yet
IMO there is nothing wrong in a council providing money to a private business providing it is at commercial rates and therefore not a subsidy.
It's not as obvious a case as the government providing state aid to the steel industry so our steel is cheaper than the rest of europeans hence giving us an advantage.
Even if they pay roughly twice what the bank had agreed with another party to sell the debt for?
Now that one you should really understand Nick from the making of a murderer
Barristers painting a picture
It is strange through that in the high court hearing the SISU QC never mentioned this fact. That is now a key point for him.
He had to have known about it back then. When they were accused of a rent strike in order to drive down the value. Why not negate it then?
Yes, that is strange. If SISU lose this, maybe they will sue Rhodri for damages.....
Even if they pay roughly twice what the bank had agreed with another party to sell the debt for?
Do we know if a judgement on the appeal will be passed today or will the judges take a few days to consider their decision?
It was mentioned implicitly in the first JR but it wasn't really emphasised that the council was on board with the rent strike.
Do we know if a judgement on the appeal will be passed today or will the judges take a few days to consider their decision?
Was there such an agreement......... SISU said they could do it ........... Yorkshire Bank told the CCC that because of the restructuring at ACL then the business was viable and they would not even discount to £12m
Do we know if a judgement on the appeal will be passed today or will the judges take a few days to consider their decision?
And that's the part I meant...
Seems quite an omission really
No chance, on past form they'll be a week or 2 getting the conclusions written up & then there will be another sitting to pass judgement.
It came across quite clearly in the evidence, you'd expect a judge to be able to read between the lines, wouldn't you?
It was mentioned implicitly in the first JR but it wasn't really emphasised that the council was on board with the rent strike.
Was it I can't even remember it getting a mention.
So did the SISU QC tell the judge that the council suggested SISU don't pay the rent and this was agreed by the council QC as well?
"That's where Sisu's case totally breaks down"
Council QC says the threat came from the “rent strike”
He adds “Sisu’s conduct does come into equation, it takes centre stage. It represented a threat to the council’s commercial interest that could not be ignored.
“Up to the rent strike ACL was profitable, consequence of the rent strike was to place council in circcumstance it could not ignore.
“What could they have done instead that would have been a lesser commercial evil? That’s where Sisu’s case totally breaks down.”
I'm not following, and I'm trying very hard not to get dragged back into this crap.
But.
If it were an agreement to let ACL go bust, wouldn't that then be falling foul of state aid laws for helping Sisu?
I'm not following, and I'm trying very hard not to get dragged back into this crap.
But.
If it were an agreement to let ACL go bust, wouldn't that then be falling foul of state aid laws for helping Sisu?
No. It isn't helping SISU directly any more than it's helping anybody else.
This is probably why people get pissed off with the Telegraph. Just in case anybody had forgotten about Wasps today....
I am confused now:
So surely, it is relevant whether it was a rent strike or ACL were in on it?
If it is proven ACL were on it, some of the reasons for the bail out / loan are invalid?
All of the justification is based on the Rent Strike so far, so surely if or if it wasn't a strike or it was agreed is relevant?
I am confused now:
So surely, it is relevant whether it was a rent strike or ACL were in on it?
If it is proven ACL were on it, some of the reasons for the bail out / loan are invalid?
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