Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

Globespan collapse come to court

Tue 19th Jan 2010

The collapse of airline Globespan will be examined by a High Court judge on Tuesday.The administrators of the Edinburgh-based travel firm have raised a legal action against the company that dealt with it's online ticket sales.

Globespan collapsed in December, leaving an estimated 3,400 holidaymakers stranded in Spain, Portugal, Cyprus and Egypt. However, the firm later claimed it had never received around 35 million for tickets bought online.

PricewaterhouseCoopers has now raised legal action against payment firm E-clear.

The case reached the High Court last week but was adjourned after a brief hearing. Mr Justice Floyd, sitting in London, agreed to halt the hearing for a week to give E-Clear more time to respond.

The judge also ordered E-Clear to provide details of its assets, which will be disposed off prior to legal proceedings.

Claims that E-Clear owed 35 million to the collapsed travel firm will be heard by another Judge, Mr Justice Vos, on Tuesday.

Comment on this Story

 
Be the first to comment on this Story !!

Recommended Items