wrote

Hey, this is the private sector - they don't do risk or investment -
that's for the public sector. I read somwhere that they (Metronet)
could do absolutely nothing, no maintenance etc and would STILL get
paid.

I see that LUL are suing Bombardier for GBP20 million over the Chancery Lane
derailment. Bombardier aren't best pleased, as the Central Line stock was
built by ABB, which was sold to Adtranz, and Adtranz was sold to Bombardier,
who don't see why they should take on their predecessors' liabilities.
http://business.timesonline.co.uk/ar...266333,00.html

Peter

"Peter Masson" writes:

I see that LUL are suing Bombardier for GBP20 million over the Chancery Lane
derailment. Bombardier aren't best pleased, as the Central Line stock was
built by ABB, which was sold to Adtranz, and Adtranz was sold to Bombardier,
who don't see why they should take on their predecessors' liabilities.
http://business.timesonline.co.uk/ar...266333,00.html

Maybe if it does succeed then it might set a precedent against the
retail companies who buy out another and then (often while still
trading under the original name) refuse to honour the warranties/
extended guarantees issued by the original company.

On Thu, 13 Jul 2006 13:35:30 +0100, Graham Murray
wrote:

"Peter Masson" writes:

I see that LUL are suing Bombardier for GBP20 million over the Chancery Lane
derailment. Bombardier aren't best pleased, as the Central Line stock was
built by ABB, which was sold to Adtranz, and Adtranz was sold to Bombardier,
who don't see why they should take on their predecessors' liabilities.
http://business.timesonline.co.uk/ar...266333,00.html

Maybe if it does succeed then it might set a precedent against the
retail companies who buy out another and then (often while still
trading under the original name) refuse to honour the warranties/
extended guarantees issued by the original company.

I suspect there's a subtle difference involving the company being sold
in one case and company assets (but not the company itself) being sold
in the other. The usual trick with "phoenix" companies seems to
involve the bankrupt/dodgy/dissolved company's assets being sold by
the receiver to a new company owned by the same people as the original
company.
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