by Ian Rush's Right foot » Thu Oct 14, 2010 5:34 pm
5.30pm: Sachin Nakrani from outside court:
Good news for Liverpool but as yet we don't know what this really means. Likely that court in Texas will still have to recognise this verdict. But at moment it's Liverpool 2 Owners 1
5.25pm: So, the board and RBS has won it's London court battle. But, what exactly this means is another question. Will the Dallas court now back off and withdraw its injunction?
This expert opinion from Mark Stephens, sports lawyer and international litigator at Finers Stephens Innocent:
The application for a TRO (injunction) in a Texas City court is one last, desperate, throw of the dice for Gillett & Hicks reveals how bankrupt their legal position is...basic principles of international law are (1) that an injunction issued by a Texas Court has no effect on actions in this (the UK) country; and, (2) that the court first dealing with the case should be the only court dealing with the matter to the end. Therefore, the Texas court will have to relinquish control to the High Court in London...if Hicks and Gilett really wanted to stop this transaction they needed an injunction from the High Court in London and another against New England Sports Ventures in Boston where that company is located.
I confidently predict that RBS and the Directors will be able to shrug off this irksome litigation which seems calculated to delay the takeover which will ultimately be consumated.
....I'm the bee's knee, his legs and his arms.....