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I thought Sevco588 had NO claim to the assets as D&P confirmed that all were sold directly to Sevco Scotland, bypassing 588 entirely?

 

The had the sole irrefutable right to purchase the assets, they could not have legally been sold to Sevco Scotland Ltd without the acquiescence of Sevco 5088 Ltd.

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Some of the charlotte fakes stuff showed that the contract had been novated to Sevco Scotland, which means that Sevco 588 or someone on it's behalf agreed to the transfer of the right to purchase to Sevco Scotland. The signature of one director is enough for a document to be legally binding. The alternative is that Sevco 5088 didn't agree and D& P went ahead and sold to Sevco Scotland without 5088's agreement. 5088 would then have remedies against D& P for breach of contract. You would have thought that if they hadn't agreed to the transfer of the contact they would have tried to exercise those remedies as soon the sale to Sevco Scotland was announced.

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There's a thread running on FF now saying Bain is to come back in the interim as Stockdale is resigning?

 

Tippex out again...." Get the Spivs back" :facepalm:

 

Didnt realise Martin Bain was an accountant :(

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