‘The government is taking over the running of Southeastern railway services from Go-Ahead after discovering a “serious” breach of the franchise agreement.’
The Guardian, 28th September 2021
Source: www.theguardian.com
“Investors who held in shares in Northern Rock before it was nationalised by Labour in February 2008 have reacted angrily to a long awaited decision by the European court of human rights to dismiss their argument that they should be granted compensation by the UK government.”
The Guardian, 1st August 2012
Source: www.guardian.co.uk
Northern Rock Applicants v Caldwell and another [2011] UKUT 408 (TCC); [2011] WLR (D) 289
“The statutory assumption in section 5(4)(a) of the Banking (Special Provisions) Act 2008 that all financial assistance provided by the Bank of England or the Treasury ‘has been withdrawn’ required the independent valuer to assume that the assistance had been terminated and repaid, following realisations of assets made just before the date of nationalisation.”
WLR Daily, 6th October 2011
Source: www.iclr.co.uk
“The statutory scheme established to compensate shareholders subsequent to the nationalisation of Northern Rock plc, on the basis of the assessment of the valuation of the shares by means of the statutory assumptions provided for in s 5(4) of the Banking (Special Provisions) Act 2008, did not violate the shareholders’ right to the protection of their property guaranteed under art 1 of the First Protocol to the Convention for the Protection of Human Rights and Fundamental Freedoms. Those statutory assumptions struck the balance, required by the Convention, between the demands of the general interest of the community and the requirements of the protection of the individual’s fundamental rights.”
WLR Daily, 30th July 2009
Source: www.lawreports.co.uk
Please note once a case has been fully reported in one of the ICLR series the corresponding WLR Daily summary is removed.
“Campaign groups say bank bailout breaches government’s own policies on reducing carbon emissions by lending money to coal, oil and gas companies.”
The Guardian, 1st July 2009
Source: www.guardian.co.uk
“The Office of Fair Trading (OFT) has concluded that nationalising Northern Rock has had no ‘significant adverse’ impact on competition across financial services.”
The Times, 10th March 2009
Source: www.timesonline.co.uk
“Ss 5(4) and 9(2) of the Banking (Special Provisions) Act 2008 and art 6 of the Northern Rock plc Compensation Order 2008 (SI 2008/718), the provisions establishing the assumptions upon which valuation of shares was carried out under a scheme for compensating shareholders subsequent to the nationalisation of Northern Rock plc, did not infringe the shareholders right to peaceful enjoyment of their possessions under art 1 of the First Protocol to the Convention for the Protection of Human Rights and Fundmamental Freedoms (set out in Pt II of Sch 1 to the Human Rights Act 1998).”
WLR Daily, 16th February 2009
Source: www.lawreports.co.uk
Please note once a case has been reported in one of the ICLR series the corresponding WLR Daily summary is removed.
“The former shareholders of Northern Rock are expected to go to the Court of Appeal after failing yesterday in their challenge to the Government’s compensation scheme, which saw their shares valued at almost nil.”
The Times, 14th February 2009
Source: www.timesonline.co.uk
“Former Northern Rock shareholders have lost their legal challenge to the government’s plan to compensate them.”
BBC News, 13th February 2009
Source: www.bbc.co.uk
“A couple from Worcestershire have received a five-figure pay out after hospital staff missed warning signs that led to their baby’s death.”
BBC News, 22nd January 2009
Source: www.bbc.co.uk
“Northern Rock was secretly given a ‘substantial’ valuation by the Government while shareholders received nothing in compensation when it was nationalised, the High Court was told yesterday.”
The Times, 14th January 2009
Source: www.timesonline.co.uk
“Northern Rock has confirmed that its new bosses have launched an investigation into whether legal action can be taken against the now-nationalised bank’s former board.”
The Times, 18th June 2008
Source: www.timesonline.co.uk
“The Government has called for an early hearing of the court case in which Northern Rock shareholders are suing the Treasury over the nationalisation of the bank, The Times has learnt.”
The Times, 7th June 2008
Source: www.timesonline.co.uk
“Shareholders in nationalised bank Northern Rock are launching a court challenge over compensation they are due to receive.”
BBC News, 8th May 2008
Source: www.bbc.co.uk
“Northern Rock’s small shareholders will take High Court action against the Treasury within weeks after the Government’s lawyers rejected their plea for compensation.”
The Times, 24th April 2008
Source: www.timesonline.co.uk
“Northern Rock’s army of small shareholders took their campaign for compensation to the courts yesterday as they accused the Government of abusing their human rights by nationalising the stricken mortgage lender.”
The Times, 20th March 2008
Source: www.timesonline.co.uk
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