Hi Spidey....I agree with you, but when the judge said that "This aint no credit facility" he was referring to the agreement for the division of any win or settlement, and he is quite right...But the IPL council then argued that a substantial part of the agreement was for the advance of funds for costs which indeed should be treated as credit or a loan....and because of the nature of litigation there is no guarantee of any win or settlement and the only definate part of the agreement is for repayment of costs...therefore agreement is partly a credit facility.....Hence judge has to have a good think....Either way it seems that anyone who gets involved with chm even if begged, ends up having a legal battle...
CHM Price at posting:
9.2¢ Sentiment: Sell Disclosure: Not Held
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