Murray company MHL to hand over Rangers takeover papers
Published: 25th Apr 2012 11:32:14
Sir David Murray's company MHL is to hand over copies of its correspondence with Craig Whyte's lawyers, Collyer Bristow, over the sale of Rangers.
Rangers' administrators Duff and Phelps won an order at the Court of Session giving them access to the papers.
Duff and Phelps said the documents were vital to an investigation into the takeover of Rangers by Mr Whyte.
The administrators are suing Collyer Bristow for about £25m over the firm's handling of the takeover in May 2011.
Duff and Phelps returned to the Court of Session in Edinburgh to secure the order for the recovery of documentation from Murray MHL under insolvency legislation.
Their counsel Susan Ower told Lord Hodge: "These documents which the administrators seek to recover are sought to facilitate the administrators' investigation into the circumstances of the takeover of the company."
The material sought included all letters, faxes, filenotes and emails between the Murray firm, of Charlotte Square, Edinburgh, and English solicitors Collyer Bristow.
The London-based law firm are now being sued by the administrators at the High Court in London, relating to the sale of 85.3% of the share capital in Rangers to Mr Whyte's firm.
Ms Ower said lawyers had written to the Murray company, which had said it had no objection to providing documents but was concerned over confidentiality clauses. Therefore, a court order was being sought.
She said Mr Whyte had also been informed by email about the move.
Lord Hodge asked if there had been any response from Mr Whyte or others who had been informed, but was told by Ms Ower: "None at all."
The judge said: "It is clear that, speaking loosely, the vendors at Rangers, whose solicitors have the documents, are content that the order be made, but need a court order because of the terms of the share purchase agreement."
Lord Hodge said he was prepared to grant the order after a brief hearing at which only the administrators were legally represented.
Mr Whyte bought the controlling shares in the Ibrox club for £1 before it was plunged into administration in February.
At 14:57:13 in HeadlinesThe postal union, the Communication Workers Union (CWU), says it has secured a pay deal covering around 6,000 staff at Crown Post Offices.
At 14:56:19 in EntertainmentAn orchestral work by the Pet Shop Boys about the life of wartime codebreaker Alan Turing is to have its world premiere at this year's BBC Proms.
At 14:52:21 in SportMiddlesex have signed Australia all-rounder Dan Christian for this season's Natwest T20 Blast competition.
At 14:51:00 in EnglandThe closure of a South Gloucestershire school which has been in special measures, has been delayed by a year.
At 14:48:02 in WalesThousands of spectators are expected to flock to Swansea's Singleton Park in September as the BBC's Proms in the Park returns to the city for the first time since 2010.
At 14:47:42 in EnglandA Cornwall councillor is facing calls to step down after he falsely claimed to have been appointed a Member of the British Empire.
At 14:44:41 in SportA clash between flyweight rivals Charlie Edwards and Jack Bateson could be the highlight of the England Boxing Finals in Liverpool this weekend.
At 14:42:53 in SportDerry City boss Roddy Collins says Rory Patterson's omission from recent matches is for football reasons only.
At 14:39:15 in ScotlandSports car producer McLaren Automotive has announced plans for its first Scottish dealership.
At 14:38:31 in SportStevenage boss Graham Westley has said relegation from League One was an inevitability.
Harvard CitationBBC News, 2012. Murray company MHL to hand over Rangers takeover papers [Online] (Updated 25th Apr 2012)
Available at: http://www.ukwirednews.com/news/1424460/Murray-company-MHL-to-hand-over-Rangers-takeover-papers [Accessed 24th Apr 2014]
News In Other Categories
The Oklahoma Supreme Court has ruled two death row inmates have no right to learn the source of the drugs to be used to kill them, clearing the way for their execution.
Twenty five jobs are being created by the soft drinks firm C&C in south Belfast over the next two years.
With the doors to its brand new £1million training centre officially open, one of the UK's leading apprentice training providers, Bristol based S&B Automotive Academy, is showcasing its world-class facilities by launching a series of foreign student exchanges for the first time in its 41-year history. To get a flavour of what life is like as an apprentice in the UK, the Academy hosted 16 apprentice engineers and bus drivers from the G9 Automotive College in Hamburg, Germany, as part of a Europe-wide vocational training initiative called the ‘Leonardo Programme’ with support from the European Social Fund. In a reciprocal arrangement, S&B will be sending nine apprentices to Germany during February 2012 so that they can get an appreciation of life in the automotive industry on the Continent. A further three German exchange groups are being planned for next year. Designed to assist the development of vocational skills and training across Europe, including work placements for trainees, the Leonardo Programme has a budget of €1.75bn, which is helping to encourage UK organisations to work with their counterparts abroad. In what is expected to be another challenging year for employers in the UK automotive sector, S&B’s Chief Executive, Jon Winter, claims that the exchange initiative will bring many benefits to the Academy and its apprentices: “In a world of global automotive brands, it’s important for our learners to understand the international context of the industry they have chosen to make their career. This new exchange programme will enable apprentices and Academy staff alike to achieve a better understanding of the challenges and opportunities within the automotive arena in Europe. With the Academy’s influence also extending to the USA and Asia, there’s every possibility that this initiative could move further afield in the future.” Continued Winter: “The need for skilled technicians across the world is on the increase and we actively encourage our apprentices to look at broader horizons during their training. Many of them have already learned the phrase ‘Vorsprung durch Gelehrtheit’, quite simply, ‘Advancement through learning.” In the 2010/11 academic year, S&B doubled the number of successful Apprenticeships over the previous year with some 350 apprentices graduating from the Academy. At the same time, achievement levels reached an all-time high with an overall success rate of 85%. For those learners on the Advanced Apprenticeship three-year programme, success rates were even higher, at over 98%. PHOTO CAPTION: As part of their exchange visit, S&B Automotive Academy arranged for the German apprentices to visit Hampshire bus operator, Bluestar, at its Barton Park depot. The students are pictured with S&B’s Andy West (3rd right) and Steve Prewett, Bluestar’s Area Engineering Manager (2nd right). Ends http://www.sandbaa.com
Thousands of spectators are expected to flock to Swansea's Singleton Park in September as the BBC's Proms in the Park returns to the city for the first time since 2010.
An orchestral work by the Pet Shop Boys about the life of wartime codebreaker Alan Turing is to have its world premiere at this year's BBC Proms.
Seven-year-olds are happier when they are allowed some sweets, snacks and television time, rather than none at all, suggests a study of children's well-being.