Texas court halts sale of Dippers

[lee-mcfc]

i dont have a fucking clue whats happening..

are you Roy Hodgson?

my name is Woy!

 

[blumoonrisen]

And they're claiming $1.6B damages...!

 

[Pam]

I still don't get it. How can a decision of a Texas court be binding on the High Court?

 

[Scottyboi]

This is funny as fuck

 

[marco]

I still don't get it. How can a Texas court be binding on the High Court?

kop holdings are reg in the usa

 

[citysix]

this could really drag on...lmfao

 

[S04]

Well, about time RBS took control then...It was always the most likely outcome

 

[Braggster]

Surely a Texan court has no jurisdiction over a UK company governed by UK commercial law?

But the holding company is probably registered in the US.

The shareholder is a Delaware LLC. But here what is at stake is the interpretation of contracts governed by English law and expressed to be subject to the jurisdiction of English courts (loan agreement and ancillary documents) and the constitutional documents and actions of the directors of an English company domiciled in England (Kop holdings).

It's hard to see the basis on which a Texas court can claim jurisdiction (though I admit to complete ignorance on Texas law).

Funny though!

 

[marco]

this could really drag on...lmfao

this will go on for months now with legal bills going through the roof if this is the case i really cant see liverpool recovering

 

[db79ctid]

Give it an hour, the court house will be surrounded by Scousers with giant banners singing YNWA

Y- Yanks
N- Never
W- Walk
A- Away
Lol