Update on JR
A letter is being sent out to clients over the next few days.
Highlights
Hopefully, we should know by next month if the first JR has got the go-ahead.
Not long to wait now.
A letter is being sent out to clients over the next few days.
Highlights
- Our JR oral hearing is likely to be end of May.
- However, we have been pipped to the post by someone else (possibly PwC). Their JR oral hearing is at the end of this month. They are going on same HR grounds but also another angle. Apparently, they reckon S58 breaches Art 56 of the European Convention on freedom of movement of capital.
- Montpelier are also aware of another JR proceeding in the pipeline. (This is in addition to Steed/KMPG's EHCR application.)
- At the moment, the courts have made no move to consolidate the various applications.
Hopefully, we should know by next month if the first JR has got the go-ahead.
Not long to wait now.

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