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BDO sue Duff & Phelps


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Duff and Phelps claimed sevco 5088 made the best offer so all other bids were discounted

but they didn't sell to sevco 5088.

They sold to sevco scotland a different company

They never opened the sale up again when the cva failed.

 

Indeed they definitely had a higher bid for the assets they refused.

 

 

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Despite them having a binding irrevocable deal (or so we were told) to sell to Sevco 5088 too.

 

In the lexicon of sharp practice, "binding" means the cover, and "irrevocable" refers to a trick won by playing a Trump rather than following suit.

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Menzies Corporate Restructuring (MCR).

 

Was it a stroke of luck or misfortune that they employed David Grier who just happened to sign the floating charge over RFC plc's assets on behalf of the then Bank of Scotland?

 

It would mean, perhaps, that MCR had had a window into the nebulous world of Murray's Rangers' finances. As my horseracing friends attest, all insight is helpful, if not today, then tomorrow. In this case, perhaps, particularly useful, when you are consultants of choice to assorted hyenas, jackals, and carrion crows.

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