Rangers: not entirely directionless

The overwhelmingly common theme to the reports of Lord Hodge’s ruling yesterday was that he refused to give any directions: the BBC’s “'No ruling' on Rangers administrators' Ticketus challenge”  seems pretty typical. Having read the judgment, we’re not so sure that that is a helpful summary of what is a very interesting opinion. The court seems to us to have provided a careful and useful analysis of the law and, for the administrators in the particular case, a pretty clear steer as to what they can do and guidance which they can follow (follow – no more puns, honestly).

Update - winding up, banks, and the s127 validation order

Further to Monday's post, following detailed exchanges, the bank's legal department seem to have accepted that we were right. They unfroze the accounts this morning and they are now operating normally.

Winding up, banks, and the s127 validation order

We were instructed on Thursday of last week by a company that was being prevented from paying its staff. By Friday afternoon, and a couple of court hearings later, it could pay them but the way we got there appears to be unusual, in Scotland at least.