Paul Weiss successfully defends Citi against Guy Hands' EMI action

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  • Terra Firma had a good track record until this car crash buy. What was it thinking of?! Everybody was bailing out of the 'record industry' when it bought EMI - except Guy thought he knew better.

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  • People who 'move' to the Channel Islands to avoid paying tax, particularly when their country is going through a difficult patch, deserve zero sympathy in situations like this.

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  • Maybe Terra Firma's "advisers" on the original acquisition should have actually advised them against purchasing the business rather than just chasing the legal/advisory fees.

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  • Couldn't have happened to a nicer guy.

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  • now there's an interesting concept - records that don't exist now are deemed never tio have existed

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  • If the government sorted out immigration and tax? If the government got the scrounges of the dole and working an contributing to our country then maybe people like guy hands wouldn't be offshore? I mean he gets stung with corporation tax then gets stung personally at 40%.

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