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 12:56:38 in HeadlinesIraqi MPs have elected Kurdish politician Fouad Massoum as president, succeeding Jalal Talabani.
At 12:54:02 in WalesEx-News of the World journalist Dan Evans has been sentenced to a 10-month jail sentence suspended for a year at the Old Bailey.
At 12:53:54 in SportPeterborough United have signed teenage Tottenham Hotspur winger Kenny McEvoy on a season-long youth loan.
At 12:53:38 in EnglandDetectives investigating a brutal murder which happened almost five years ago have appealed for help to find a man who may hold information.
At 12:53:15 in ScotlandA network of 30 marine protected areas is to be established around Scotland's coastline to protect marine species and their habitats.
At 12:52:25 in EntertainmentIt may not boast glittering treasures from ancient Egypt, but a new Tutankhamun exhibition shows how the discovery of the boy king's tomb in 1922 had a huge impact on popular culture across the globe.
At 12:49:46 in BusinessStandard Chartered bank has backed its chief executive and chairman after media reports that they are under pressure to stand down.
At 12:44:41 in ScotlandCompetition has begun in 12 separate sports as the Glasgow 2014 Commonwealth Games gets under way after Wednesday night's opening ceremony.
At 12:42:17 in SportMansfield Town have signed Swiss goalkeeper Sascha Studer, subject to international clearance.
At 12:35:14 in EnglandAn 8ft (2.4m) snake, believed to be a boa constrictor, has been found after going missing in a Lancashire town.
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 Jul 2014]
News In Other Categories
A 23-year-old man has sustained serious head and facial injuries in an attack in Londonderry.
A network of 30 marine protected areas is to be established around Scotland's coastline to protect marine species and their habitats.
The speed limit for lorries on single carriageway main roads in England and Wales will rise from 40mph to 50mph, the government has announced.
Detectives investigating a brutal murder which happened almost five years ago have appealed for help to find a man who may hold information.
Smoking, drinking and drug use among secondary school pupils have more than halved over the past 10 years, figures from the Health and Social Care Information Centre suggest (HSCIC).
Peterborough United have signed teenage Tottenham Hotspur winger Kenny McEvoy on a season-long youth loan.