"There is no plan to “revive“ Moorhouse and Mohan Ltd"
"No new company was started last month involving the trading activities of Moorhouse & Mohan Ltd. and there is no intent to do so in the future. Neither does that company employ any of the former employees of the company except one, as this supposed “new” company is involved in totally different activities outside of the UK and is not related in any way to the activities of Moorhouse and Mohan."
He goes on to say that it was a formalisation of trading activities which had been taking place for the past 15 months in another company and not Moorhouse and Mohan Ltd.
"There is no plan to “revive“ Moorhouse and Mohan Ltd and the former employees are at liberty to do as they see fit. The suggestion otherwise is scurrilous and without foundation and frankly reads like a “conspiracy “ theory where none exists."
Barts and the “Court“ Case
"The Tribunal de Grande is not binding in anyway in English law. The contract was made under English law and as such must come before the English courts before any tribunal ruling becomes binding. To suggest otherwise is nonsense and these grand tribunals talked of were a) in Paris and b) Edinburgh neither of which as far as we know are covered by the auspices of English Law."
"At the time of ruling by RUCIP it was accepted by the tribunal that the ruling was still subject to English Law. This was made very clear and accepted and agreed by the Tribunal members and the barrister representing Moorhouse and Mohan Ltd at the Tribunal.
"Moorhouse and Mohan were advised if it did become before the English courts that Moorhouse and Mohan Ltd would rigorously defend its position but that would require a large sum to cover legal costs paid partially in advance, according to the spokesman.
Due to information received Moorhouse and Mohan were advised not to take it further, even though the ruling was not binding, it would not be in the creditors’ interests to do so.
"If the Bart's spokesman was correct this would mean that the English legal system had passed its jurisdiction on commercial matters to an arbitrary body made up of trades people primarily based outside the UK and not within the laws of the place where the contract took place. Also if that was the case that would have an incredible effect on all commercial matters in England if external arbitration boards had a legal right to enforce without application and possible court case in England."