Supreme Court rules against the McCanns in damages case.

[misty]

That's what I said if you read it properly.
I also posted on the topic at least twice previously since the Appeal Court Ruling drawing attention to the tax liablity.

What happens if the money was previously paid into the Fund by the McCanns (the book royalties) and kept as restricted funds?

[Alice Purjorick]

No doubt they will need to be consulting with more than just their lawyers.

Indeed. It will interesting to see how far it unravels.

[stephen25000]

As it will be the State of Portugal that the money would be owed to, do you think that an option they would wish to make?
Could non-payment  lead to them being refused entry to the country?

It would entail more than that.

[Alice Purjorick]

What happens if the money was previously paid into the Fund by the McCanns (the book royalties) and kept as restricted funds?

It then has to show up as a loan to the company. It does not appear to on the balance sheets nor is it mentioned in the directors annual reports as far as I can see. If it does the lender can call in the loan when the terms of the loan allow.
Once in the company's bank account it belongs to the company which as you know is a completely separate legal person from the McCanns.
The bottom line is whoever's names are on the writ as the plaintiffs now have to cough up. Where the money actually comes from is immaterial.
I was only pointing out what can happen. As the accounts are heralded by some as being so tranparent it should be easy to work out if one is really interested....

[Eleanor]

Dead easy. Make a film.  Now is the time.  Don't even begin to imagine that the McCanns are done with the fate of their daughter.

[Mr Gray]

It would entail more than that.

No it couldn't
It is a civil debt

Tell us how it would entail more

[G-Unit]

What happens if the money was previously paid into the Fund by the McCanns (the book royalties) and kept as restricted funds?

Interesting. There were restricted funds 'for the direct costs of the search for and the investigation into the disappearance of Madeleine', but there is now a £480k sum under 'investments' and no restricted funds mentioned. It doesn't say if those funds are also restricted.

If restricted funds are used by a company for a purpose other than the specified one the person who donated them can ask for them to be repaid.

Of course the fund has previously paid legal and witness costs for this case because Amaral's book 'harmed the search'.

[Mr Gray]

It then has to show up as a loan to the company. It does not appear to on the balance sheets nor is it mentioned in the directors annual reports as far as I can see. If it does the lender can call in the loan when the terms of the loan allow.
Once in the company's bank account it belongs to the company which as you know is a completely separate legal person from the McCanns.
The bottom line is whoever's names are on the writ as the plaintiffs now have to cough up. Where the money actually comes from is immaterial.
I was only pointing out what can happen. As the accounts are heralded by some as being so tranparent it should be easy to work out if one is really interested....

So just to clarify the fund is not liable for any costs but under the terms could pay the costs if the directors chooses

[Mr Gray]

Dead easy. Make a film.  Now is the time.  Don't even begin to imagine that the McCanns are done with the fate of their daughter.

a film yes....that would be worth several million and they could answer a lot of questions

[stephen25000]

a film yes....that would be worth several million and they could answer a lot of questions

Nah, it would be a big mistake.

Then again they have made a lot of those.

I hear they would take legal action if Amaral's book was published  in the UK.

Trouble is, it's already easily accessed and more people are doing so.

[jassi]

a film yes....that would be worth several million and they could answer a lot of questions

They could answer a lot of questions without the effort ofmaking a film.

 No doubt any film would be an alternative film, full of alternative facts.

[Eleanor]

a film yes....that would be worth several million and they could answer a lot of questions

There is always a way to do what one would most unashamedly wish for.   The McCanns do have several options.  They are far from done.  This is not over for Madeleine.

[jassi]

There is always a way to do what one would most unashamedly wish for.   The McCanns do have several options.  They are far from done. This is not over for Madeleine.

Whatever helps you get through the day.

[Mr Gray]

Nah, it would be a big mistake.

Then again they have made a lot of those.

I hear they would take legal action if Amaral's book was published  in the UK.

Trouble is, it's already easily accessed and more people are doing so.

A film would make several million for the...amaral cant publish his book in the uk
you have no evidence....as usual....that more poeple are accessing his book online

[Mr Gray]

They could answer a lot of questions without the effort ofmaking a film.

 No doubt any film would be an alternative film, full of alternative facts.

they need the money so they may as well get paid a fortune for doing so