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 20:01:21 in Northern IrelandTwo men arrested after a security alert in County Tyrone on Tuesday have been charged.
At 19:30:10 in Northern IrelandA man swindled out of almost £50,000 in a Spanish property fraud has criticised the length of the sentence given to the woman who stole his money.
At 19:29:47 in HeadlinesEmergency services are continuing to search overnight for almost 300 people missing after a ferry carrying 462 people sank off South Korea.
At 19:23:22 in SportWith 100 New Zealand caps, a record 1,440 international points, and a World Cup winners' medal in the bag, Dan Carter has little left to prove.
At 19:10:54 in WalesTributes have been paid to a well known Anglesey footballer and coach who died in van crash on Monday.
At 18:59:37 in SportMansfield Town boss Paul Cox is already looking at trialists as he bids to strengthen his squad for next season.
At 18:51:17 in WalesA bid to turn eight-acres of fields in Brecon into a village green has been stopped in its tracks.
At 18:46:03 in SportNottinghamshire's Mick Newell has said he was interviewed for the vacant England head coach role on Wednesday.
At 18:35:09 in ScotlandA 10-year-old boy has been airlifted to hospital after being knocked off his bike by a van in Aberdeenshire.
At 18:34:48 in SportLee Probert will referee the FA Cup final between Arsenal and Hull City at Wembley on 17 May.
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 16th Apr 2014]
News In Other Categories
The ebb and flow of men's beard fashions may be guided by Darwinian selection, according to a new study.
A 10-year-old boy has been airlifted to hospital after being knocked off his bike by a van in Aberdeenshire.
A planning application to build a solar farm on 17 fields in Wiltshire has been rejected.
The composer of the original Halo soundtracks says he has been fired from his job at the video games' creator.
With 100 New Zealand caps, a record 1,440 international points, and a World Cup winners' medal in the bag, Dan Carter has little left to prove.
Men prefer to watch film adaptations of books than read the original novel, according to a new study, which found the opposite is true for women.