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White Knight
Committee Member
Joined: 25 Mar 2003
Posts: 10873
Location: The Old World
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 Posted: Sun May 22, 2005 8:57 am Post subject: |
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| Hasslefriesian wrote: |
| I thought for a moment the rumour I heard had got out. |
You mean the one that UM is going the way of i-kore? 
Legal disclaimer: I am in no way saying this is even remotely true.
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Hasslefriesian
Associate Member
Joined: 17 Feb 2004
Posts: 12396
Location: The deep end of the alignment pool
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| Posted: Sun May 22, 2005 9:16 am Post subject: |
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| 2468Motorway wrote: |
| Kev, did you reach a settlement with your protagonists? |
No.
| The White Knight wrote: |
| Hasslefriesian wrote: |
| I thought for a moment the rumour I heard had got out. |
You mean the one that UM is going the way of i-kore? |
No. Not as far as I'm aware.
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Hasslefriesian
Associate Member
Joined: 17 Feb 2004
Posts: 12396
Location: The deep end of the alignment pool
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| Posted: Sun May 22, 2005 9:19 am Post subject: |
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Oh, and Mr Motorway, you can buy my toys from whomever you please. If you buy direct I get more money, but if you buy from Artemis (please note: Legal disclaimer, other retailers are also available) you get to help him to stay in business.
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Artemis Black
Joined: 07 Apr 2003
Posts: 4130
Location: South Wales, UK
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| Posted: Sun May 22, 2005 4:51 pm Post subject: |
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| Hasslefriesian wrote: |
| Oh, and Mr Motorway, you can buy my toys from whomever you please. If you buy direct I get more money, but if you buy from Artemis (please note: Legal disclaimer, other retailers are also available) you get to help him to stay in business. |
How come I get a 'dungeon' and you get a 'family business? Do people just naturally assume I have no family? 
I need to work on my public image!
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Motorway
Joined: 25 Apr 2005
Posts: 3068
Location: Windmill-land
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| Posted: Sun May 22, 2005 5:30 pm Post subject: |
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This isn't doing the both of you any good. More groveling please. 
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Artemis Black
Joined: 07 Apr 2003
Posts: 4130
Location: South Wales, UK
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| Posted: Sun May 22, 2005 5:40 pm Post subject: |
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| 2468Motorway wrote: |
| This isn't doing the both of you any good. More groveling please. |
You should be begging one of us to send you these quality works of art! We don't just give them to any old bugger.
Ok, that's a lie. I'd sell my kidney to saddam hussein for the right money.
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White Knight
Committee Member
Joined: 25 Mar 2003
Posts: 10873
Location: The Old World
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| Posted: Sun May 22, 2005 6:18 pm Post subject: |
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| Artemis Black wrote: |
| Ok, that's a lie. I'd sell my kidney to saddam hussein for the right money. |
I'll trade you one foundry figure and three randomly selected unrelated bits of ramage for it.
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Artemis Black
Joined: 07 Apr 2003
Posts: 4130
Location: South Wales, UK
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| Posted: Sun May 22, 2005 7:10 pm Post subject: |
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| The White Knight wrote: |
| Artemis Black wrote: |
| Ok, that's a lie. I'd sell my kidney to saddam hussein for the right money. |
I'll trade you one foundry figure and three randomly selected unrelated bits of ramage for it. |
That's probably about £700 worth of stuff.
(I found a full squad of painted Valhallans, will keep looking)
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The Masked Frother
Joined: 05 Nov 2004
Posts: 1565
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| Posted: Mon May 23, 2005 12:50 pm Post subject: |
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| 2468Motorway wrote: |
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| Phoenix companies go bust, and then get their assest bought up by third parties from a liquidator, and continue to trade with the existing company model. This is a way of doing business that basically creates a 'loophole' in the legal system to get out of paying it's creditors |
Not quite true, but it is a legit way under EU-law to get rid of staff. |
There has been press lately about how steps are being taken to "correct" the abuses. IIRC, the article said the practices of manufacturing companies were being investigated. It was either in the Economist last week (or a week ago), or in one of the professional mags such as PE or JOM. |
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Motorway
Joined: 25 Apr 2005
Posts: 3068
Location: Windmill-land
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| Posted: Mon May 23, 2005 1:44 pm Post subject: |
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The point is, is it "abuse". I won't get too technical about it but this is how it works:
The general public sees a company X go bust/bankrupt and next sees company Y doing the same thing.
If company X has a lot of staff and this staff starts to work at Y this is probably the only way to save employment or employment benefits as under EU law (which also is applicable in the UK) bankruptcy is the only exception to the rule that when entity Y follows entity X after buying the assets of X, the obligations of X go to Y.
This does not mean that the individual directors of X can't be held responsible for the losses and debts of X.
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