Halliwells mediation put on hold after eight months of deliberations

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Readers' comments (9)

  • Hope they all get taken for every penny they have. Two years plus after the whole mess I am still psychologically scarred from the whole ordeal they don't realise how many lives they have ruined through their greed. May seem ott but it was a good firm to work for and the great work life has never been replaced at blg/ clydes whether they were equity or not they should all pay

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  • Those who took the money should pay - there are lots of decent people who did no more than work hard and did nothing to assist ramping up the debt. Those who took the money need to pay every penny back.

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  • Whose bright idea was it to divert £21m into a hastily set up new company and then distribute the money to 32 members? Wouldn't you have thought one of those 32 members might have suggested that this could be problematic? They are a collective laughing stock.

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  • I don't agree with 6.51pm - it's rather like saying WWII prison guards did not know what was being undertaken behind closed doors. In for a penny, in for a pound. They will have to live with the destruction they have caused I am afrraid.

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  • If the Liquidator has such a great case then why not get on with it? 8 months of without prejudice discussions after proceedings have been issued seems to be a waste of time and money. This smacks of the Liquidator being in difficulties.
    As the LLP would have had to pay out any profit from the reverse premium to its members anyway, where is the loss? The Liquidator would have advanced this far more quickly if he had a good case. His inability to do so must be heartening to the Defendants and it looks like they are totally in control of this situation.

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  • We were told very little and we have the evidence to prove it

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  • Re Judgment Day...
    Shall we have a sweepstake as to which Spinningfields defendant you are........? Someone who thinks that LLPs have to take a gamble and return all unused cash at the end of the year, rather than keep it in the business.
    But, whoever you are, you raise a valid point. The liquidator gets up in open court vs Mike Burns and says that he can allege fraud against all of you. Then he doesn't allege fraud and goes around in circles in without prejudice meetings. There must be a reason for that. I wonder what it could be.

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  • Maybe it's because he hasn't got jack?

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  • Unused cash? Could it not have been used to fund the 18m fit out? Nope - let's trouser the cash and borrow the fit out money so that we have an above market rent and eye watering debts to service - the genius of it all.

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