|Go ahead punk... make me pay|
Oh dear. It would appear that the original figure of around £14 million believed owed to unsecured creditors of Ian Austin's former law firm Halliwells, was a little on the... well low side. According to the article in The Lawyer, it seems that the original figure has been revised up ever so slightly to a figure just shy of £200 million (£191,521,921.)
'The higher figure is believed to have been calculated by taking into account the remainder of the term of all leases, some of which have as much as 20 years left on them. The document, seen by The Lawyer, claims that £176,499,347 is owed to landlords and £5,679,582 to lease creditors,..'
It's not known if this sum has been rounded to the nearest pound and whether there are any outstanding pences owed. It's also alleged in the article that from this figure £4.3 million is owed in tax and £1.2 million in VAT to HMRC. The article goes on to say that £17.7 million is owed to the majority state-owned Royal Bank of Scotland. RBS and other creditors have formed a committee to try and retrieve this debt. It's widely accepted that HMRC are known to be rather aggressive in recouping money owed to them.
Many strings to his bow
Ex-managing partner Ian Austin of Halliwells, who 'where appropriate, uses alternative forms of dispute resolution (including mediation)...'(1) like a concert violinist, has many strings to his bow. As well as having given his 'life to that practice' (meaning Halliwells) insodoing, found a novel way to remove his socks.(2) The former executive chair of Halliwells is currently sharing his second life between Heatons LLP and the University of Salford, where he sits as Chair on the Audit Committee
Austin has spent many years specialising in commerical litigation. More recently, having carefully re-rosin-ed his bow, he's branched off into another area of law in the libel action instigated by the University of Salford against Dr Gary Paul Duke. Austin thus sits on the University Council as a member of the UoS, and is currently acting for the University in his capacity as a solicitor representing Heatons LLP.
An Employment Tribunal is scheduled for the 1st and 2nd March in Manchester, where this writer's claim for unfair dismissal will be heard.
|(Table courtesy of The Lawyer)|
- Former Halliwells partners to be quizzed by administrators (menmedia.co.uk)
(1) Sourced at http://www.governance.salford.ac.uk/page/Council_Biographies
(2) Sourced at http://www.thelawyer.com/halliwells%E2%80%99-ex-managing-partner-%E2%80%98i-gave-my-life-to-that-practice%E2%80%99/1005189.article
(3) 'User access log records and writings... which evidence and identify each IP address (including date and time of use of said IP address) associated with and/or used at any time by any person in relation to creating or modifying or posting to the Theratcatchersofthesewers.wordpress.com Account.'