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lebowski
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« on: Thursday, January 24, 2008, 18:32:59 » |
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i am hearing that, should BP win, then the club is protected from any of the financial fallout from this.
it would seem to be solely between BP and the previous lot.
who's your money on?
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Fred Elliot
I REST MY FUCKING CASE
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« Reply #1 on: Thursday, January 24, 2008, 18:52:14 » |
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sorry mate
I think you heard wrong
love
Fred
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lebowski
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« Reply #2 on: Thursday, January 24, 2008, 18:53:16 » |
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 cards on the table then freddy, what do you know? |
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Fred Elliot
I REST MY FUCKING CASE
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« Reply #3 on: Thursday, January 24, 2008, 19:02:18 » |
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Cant change the defendant in a claim half way through the process.
That's statute
If I was Fitton I would have drawn indemnity clause into the heads of agreement to protect his investment. Only then could it be relisted under a separate claim number. Its complicated, its not a personal debt.
It is a commericial/venture debt which means a lot more tangled the web
I am sure that Fitton has played the correct hand, hence the "minor issues" to be agreed
Can I just say though, banned or not.........................I fucking love the bloke
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lebowski
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« Reply #4 on: Thursday, January 24, 2008, 19:04:00 » |
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If I was Fitton I would have drawn indemnity clause into the heads of agreement to protect his investment. this is exactly what he has done. or that's what i've been told anyway. apparently he said it last night at that sponsor's dinner thing. |
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Fred Elliot
I REST MY FUCKING CASE
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« Reply #5 on: Thursday, January 24, 2008, 19:15:34 » |
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Thats what I would have done
If that is the case there would be another directions hearing and there would have to be another claim lodged with a different claim number.
I am really unsure of this, I am normally quite cute and up on this.....
As far as I understand, the only time a Director or (defacto) Director can be held personally liable for any company debts is compliant on two things
1. The said company is liquidated
2. The liquidation of said company is down to the "wrongful trading" of said individual(s)
Fuck I can see this getting messy mate
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BANGKOK RED
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« Reply #6 on: Thursday, January 24, 2008, 20:03:43 » |
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What I wan't to know is:
Will BP get his money back.
Of course I don't want Fitton and Co. to have to pay it, after all why should they. But did BP not give STFC over 1 Mil with all good intentions.
I hope he get's it back.
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STFC_Gazzza
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« Reply #7 on: Thursday, January 24, 2008, 21:40:46 » |
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If I was Fitton I would have drawn indemnity clause into the heads of agreement to protect his investment. this is exactly what he has done. or that's what i've been told anyway. apparently he said it last night at that sponsor's dinner thing. indeed he did |
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Fred Elliot
I REST MY FUCKING CASE
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« Reply #8 on: Thursday, January 24, 2008, 21:43:20 » |
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Thanks for confirming that Gaz
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Power to people
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« Reply #9 on: Friday, January 25, 2008, 08:40:43 » |
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Umm in non legal speak ?
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flammableBen
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« Reply #10 on: Friday, January 25, 2008, 10:16:54 » |
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Umm in non legal speak ? They shizzeled down that ho in her crib innit. |
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Arriba
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« Reply #11 on: Friday, January 25, 2008, 12:43:53 » |
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give power will's shares and fuck them off out!
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Matchworn Shirts
For Sale
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« Reply #12 on: Friday, January 25, 2008, 13:19:51 » |
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Umm in non legal speak ? They shizzeled down that ho in her crib innit. 4 real |
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sonic youth
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« Reply #13 on: Friday, January 25, 2008, 13:42:55 » |
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jayohaitchenn
Wielder of the BANHAMMER
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« Reply #14 on: Friday, January 25, 2008, 13:55:32 » |
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Richie, what a twat!
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