News Banking and finance Litigation UK Heavyweights square up for Northern Rock trial By The Lawyer 12 January 2009 08:42 13 December 2015 22:00 Sign in or register to continue reading. It's FREE Sign in Email Password Keep me logged in Forgot your password? Not registered? It's FREE! Register now Register with The Lawyer Anonymous 12 January 2009 at 11:05 Philip Sales QC Seems unlikely that he is going to be playing a large part, given that he’s a judge in the Chancery Division. Reply Link Mr Christopher Mulrooney (Small Private Investor) 12 January 2009 at 11:45 Significance Of The Case In response to your question “Will anyone in the wider world actually care?” the answer is they should. Everyone who holds a pension, endowment mortgage, life insurance policy,child trust fund,or monthly savings plan with an Investment Trust or Unit trust provider needs to know that the Governments Regulatory regime will regulate British Financial Institutions and protect customers and investors.In Northern Rocks case they catastrophically failed.The Governments actions in relation to Northern Rock have hit investor confidence and led to the shunning of the rights issues carried out by institutions that need to recapitalise, by institutional and private investors.Who is going to invest in British Companies if the Government can confiscate shareholders equity without compensation,return the company to the private sector when economic conditions have improved and keep the profits?That is why this case is so important. Reply Link Mr C Patel 12 January 2009 at 16:13 importance of this case It is very important that this case is fairly dealt with in which case the only result has to be that THE GOVERNMENT HAS ACTED UNFAIRLY IGNORING THE RIGHTS OF THE SHAREHOLDERS AND CONSEQUENTLY BREACHED THEIR HUMAN RIGHTS.NO INVESTOR IN HIS/HER RIGHT MIND CAN HAVE CONFIDENCE IN THIS GOVERNMENT IF THE RESULT IS OTHERWISE.IT IS ALSO A CASE TO SEE HOW FAIR ARE THE JUDGES. Reply Link Name Email Cancel reply Threaded commenting powered by interconnect/it code.