This could run for years
Assuming we get the oral hearing within the next 2-3 months, and then get the green light, the JR should take place towards the end of the year. However, whether this is won or lost, there will almost certainly be further appeals.
According to the in-house legals at PwC, they reckon their ECHR case could take at least 3 years.
Even if all these avenues were exhausted, Montpelier would still appeal at the Commissioners on the following point of law:
Potentially, this could also go to the High Court, Court of Appeal, HoL.
Assuming we get the oral hearing within the next 2-3 months, and then get the green light, the JR should take place towards the end of the year. However, whether this is won or lost, there will almost certainly be further appeals.
According to the in-house legals at PwC, they reckon their ECHR case could take at least 3 years.
Even if all these avenues were exhausted, Montpelier would still appeal at the Commissioners on the following point of law:
Section 58 FA 2008 has no application as it is my trustee who is the person legally entitled to the profits of the Isle of Man partnership not me. I am entitled to the profits of the trust by virtue of the terms governing the trust not the terms of the partnership.
Comment