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CaptainSwag... If there is a challange...someone is bound to pull a rabbit out of the hat... I couldn't even begin to guess what a smart Barrister could come with for either side. For all sorts of reasons things could be adjourned, the Courts, as you say, will set aside a period for a preliminary hearing, then depending how the Judge views the complexity of the case...he could set aside hours or even days. Unfortunately, we don't know if there will be a challange, if there was, then it would get interesting, with close examination on recent events. It's a big IF though.
bartle - the challenge in the courts is an interesting one
As i said in an earlier post there is a 3 week wait for a 1hr session in a commercial court - i am not sure on the commrcial circuit court. assuming hur booked a hearing immediately prior to the rns - one has to assume they booked a 1 hr slot. all that is needed if the judge is going to rubberstamp asfter seeing the CPR/covenants etc etc.
if there is a challenge then it will no doubt going over the hour - and therefore have to be given a new date? maybe giving time for an EGM if CA or someone else wanted?
if the hearing has been booked for longer - then they must have given considerably more notice than the time alerted in the RNS. Something which presumably should have had an RNS?
interesting as always with HUR!
....If there is a challange thru the Courts and that's a big, big if..... that's not going to be over in a couple of hours, it's not as simple as filling in some online papers for the Small Claims Court..... Inventory of productions , review the other parties papers... "reflect" ..."consider" what's presented...and so and so on... Independant specialists/witnesses ...Sworn affidavids maybe.... Employ the odd Barrister and Solic with specialised knowledge.... Anyone want to take a punt at how long a case like that would last. The cherry on the cake... costs can be awarded to either party, if they loose, or no case to answer. In cases similar to this... before a Full Hearing, there are sometimes informal hearing(s) where both parties briefly outline their case before the Judge... a Judge may at that point bin the appeal, lets say advise against an appeal informally.....Along the lines of there is no case to answer.... High Courts operate very differrently, with little nuances, the every day man on the Clapham Omnibus has no knowledge of... Judge Rinder it isn't ....
oldbutnowisa,
"I stay and hope the Judge smells a rat even if our protests don't alert."
Interesting comment, which raises a few thoughts.
I feel a lot of shareholders (or at least PI's) consider the plan to be a scam. And see no reason why a judge might not 'smell a rat' as well. And it suddenly strikes me that the outcome of the court case might not be binary, or yes/no.
Does a judge not have the right to defer judgement, requesting that the plaintiff (in this case HUR) gather further evidence to support their case, and then re-present it ? All it would need would be a few weeks, because by the end of June, the annual AGM would need to have been convened, an AGM at which shareholders have their say.
It also makes me think about the timing of all this. Given that (by rights) the AGM should be in June, when the annual financials should be published AND ACCEPTED BY SHAREHOLDERS at said AGM.
Hmmm.
...especially since there are plenty of gamblers actually BUYING!!! So I stay and hope the Judge smells a rat even if our protests don't alert.