Mudcat Café message #574249 The Mudcat Café TM
Thread #36385   Message #574249
Posted By: pavane
17-Oct-01 - 01:02 PM
Thread Name: 'Celtic Music/Dave Bulmer' saga: Pt 2
Subject: RE: 'Celtic Music/Dave Bulmer' saga: Pt 2
If any artists in question can prove that they are owed royalties, then they are creditors and can take action to recover the amounts due.

As CM have obviously sold CD's, I imagine there must be some proof that royalties are due. If CM doesn't have any records of such royalties, then they haven't been keeping proper records, which is an offence under company law.

The Inland Revenue could probably have a field day with their books, or lack of, if only they looked. (We can be hopeful that they will if the accounts are overdue)

But it would need an interested party to make a complaint, not an bystander.

And did DB pay CM a proper market price for the shares in PR? This is another area where the IR would have some serious questions. I had to get my car valued so that I could buy it from my own company for a fair price!