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Main Page  »  UK & EMEA Legal IT News
« November 09  |  November 11 »
Tuesday, November 10
View Article  EDF Energy say '***k you' to small businesses
by Charles Christian on Tue 10 Nov 2009 11:00 GMT
The Orange Rag is gearing itself up to fight the electricity nazis at EDF Energy who have unilaterally declared they're switching off our electricity supply next Wednesday to carry out power line upgrade work - despite it being the busiest day of the working week, what with getting out the next issue of the Insider newsletter and all that. When we asked if they could change the day, they said 'Nein'. When we asked about compensation they said - direct quote here from Danielle Hall on the helpdesk (sic) "We close down small businesses every day, we don't offer them compensation." So, if your Insider is late next week, call Dave Roberts of EDF on 01353 645341.
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View Article  Has anyone here seen Paul Carter?
by Charles Christian on Tue 10 Nov 2009 09:00 GMT
We had a request in the other day for further information about a certain Mr Paul Carter who was involved in a number of 'Innovator' IT and telco investment schemes. Well we don't have an address – in fact we believe he is AWOL – however he does crop up in this court case

www.bailii.org/ew/cases/EWHC/Comm/2009/1376.html

In particular read these these extracts from the ruling...

2. The nature of the claim in these proceedings need be described only in outline. This action is part of major litigation brought in this court by investors in so-called "Innovator" schemes. The schemes were promoted during the 2002/03, 2003/04 and 2004/05 tax years, and were presented to investors as offering fiscally efficient investments in information technology and communications technology through either limited liability or ordinary partnerships; investors hoped to claim tax relief on sums invested by them (including leveraged amounts) for participation in the partnerships, and the partnerships would use the investment to buy and exploit technology. The claimants' case is that the schemes were shams and a fraud upon those investing in them, and that conditions for them to become members of the partnerships and for their subscription money to be paid to the partnership vehicles were never fulfilled. Nine claim forms concerning these schemes have been issued to date, and I understand that more are likely to be issued. I am told that, in all, over 700 investors subscribed to 19 investment schemes: there are 54 claimants in this action. (The ruling goes on to say that at least £40 million of investors money is alleged to have gone missing.)

4. Dishonesty is alleged against Mr. Carter, Mr. Steidl, Mr. Roper and Mr. Bailey.
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View Article  Work now started on November Insider (UK & EMEA edition).
by Charles Christian on Tue 10 Nov 2009 08:20 GMT
Work has now started on the November issue of Legal Technology Insider newsletter (UK & EMEA edition). The editorial deadline is this coming Friday – 13 November – at 12:00 noon. The newsletter will be hitting desktops the following Thursday – 19th.
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