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Originally Posted by Uncle Peter
Ouch, one of NESV's backers is Carlos Slim. I hope they have deep pockets!
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What does that mean?
This whole thing is amazing, right at the last moment there is a ruling from a Texan court. It's the gift that keeps on giving, the level of absurdity keeps rising! I am expecting Rafa to feature again before this is over.
---------- Post added at 22:52 ---------- Previous post was at 22:44 ----------
Quote:
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Originally Posted by The Guardian
10.48pm: More on the jurisdiction issue. "If Royal Bank of Scotland does business dealings in Texas, courts there would certainly have personal jurisdiction over the bank," writes Daniel Stauss.
Elsewhere in the Telegraph Paul Kelso claims that "The jurisdiction of the Texas order in the UK was not immediately clear, but sources said the impact of the action could be to put RBS, which has considerable US interests, Broughton, through his role as BA chairman, and NESV in contempt of a US Court."
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RBS should just take over on Friday, quite why the owners are delaying it is beyond me. Whatever happens it looks like they are screwed.