Another Court Action Involving Craig Whyte Appears In the Court Lists – Whyte v Whyte

Mr Whyte is someone who, since his takeover of Rangers, has not been a stranger to the company of litigation lawyers. Whether these have been instructed in connection with debt actions against his companies, or with a view to raising actions against the BBC, both he and Rangers will have spent a considerable sum on the legal profession.

Today’s court lists disclose another case having its “Calling Date” today at the Court of Session. This is a formal step at the start of a court action, once it has been confirmed that it is going to be defended.

Case number 30 on the list is that of “Kim Lauren Martin or Whyte … Grantown on Spey AG Craig Thomas Whyte, Castle Grant, Grantown on Spey”.

BTO Solicitors act for Mrs Whyte.

Whilst the court lists are public, I see no need to publish Mrs Whyte’s full address on my site. Mr Whyte’s however is well known.

The list does not disclose the nature of the case, but the most likely assumption is that it is a divorce action. If so, there may well be a claim by Mrs Whyte for a share of Mr Whyte’s assets.

If this is a divorce action, and it is defended, it may be some considerable time before the matter is resolved. Potentially of course it could impact on Rangers, if Mr Whyte reaches an agreement with his wife, or is ordered to make a significant payment to her.

In recent times in the USA both the Los Angeles Dodgers and the San Diego Padres baseball teams have had to be sold as a result of their principal owner divorcing. In fact, in the Dodgers’ case, it was worse as both Mr and Mrs McCourt were in charge of the organisation, and issues of which one of them owned the team were dragged through the courts, leading ultimately to one of the most famous names in world sport having to enter bankruptcy.

Mrs Whyte’s lawyers would be entitled to seek disclosure of Mr Whyte’s substantial assets in order that a court could determine what sum, if any, should be paid to her.

In addition, as Mrs Whyte was a director of Tixway UK Ltd, prior to Mr Whyte’s disqualification from being a company director being served, she will have knowledge of some of his business arrangements. Tixway UK Ltd is of course itself involved in a court action just now as well.

Whilst it was known that the couple had been estranged for some time, the fact that this action must have been raised just before Christmas perhaps explains why Mr Whyte may have had his eye off the ball as regards the obligations on him and Rangers as regards submission of accounts and the holding of an AGM.

At the very least this would likely be a huge distraction, even if only as regards having to consult solicitors and counsel.

One hopes that, at a time which will clearly be very trying for both parties, the media show more restraint than they did when recently covering the separation of underwear tycoon Michelle Mone and her husband.

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11 Comments

Filed under Civil Law, Courts, Divorce, Rangers, Whyte v Whyte

11 responses to “Another Court Action Involving Craig Whyte Appears In the Court Lists – Whyte v Whyte

  1. jim62

    Your penultimate paragraph….what is it they say about sarcasm!!!

    Surely he only needs to give ten bob for the 50% share of Rangers???

  2. campsiejoe

    Craig Whyte
    The gift that just keeps on giving
    What’s next I wonder ?

  3. eddie rice

    Just in case Kim isn’t aware. On 30 December 2009, Liberty transferred £500,000 of 10% preference shares in Tixway (the “Tixway Preference Shares”), a wholly owned subsidiary of Liberty to Merchant Capital Ltd, a wholly-owned subsidiary of the Company. If she or her lawyer wish any other help in tracing and identifying Mr Whytes assets then I know of another blog that may prove useful.
    http://www.merchanthousegroup.com/rns/posting-of-circular

  4. TheBlackKnight

    Well said Paul! (in particular the last paragraph)

    • TBK

      There is a balance to be struck between legitimate enquiry into business dealings which can, on occasion, appear rather opaque, and nosey parkering into a family matter. I believe, though I do not know and don’t intend to go looking to check, that the couple have children.

      If there are any issues about them, (and I do not know if there are and indeed I hope there are not) whether contact or residence, they are best dealt with in the quiet of the courts.

      If there are financial issues, then these will rightly attract attention. I suspect the Court of Session would not accept the answers from Mr Whyte which he gave to Tom English, for example, as regards his wealth and assets.

      One can’t plead “under the radar” as the source of one’s assets.

  5. HenryClarson

    Two Whytes going wrong?

  6. Steve

    I hope Mrs Whyte is feeling suitably scorned hell hath no fury etc

  7. Juicy, very juicy, hope Ms Martin does the bouncey on Mr Whyte’s extensive minimisation of estate

  8. BillyBhoy68

    It depends on who has most to lose. Perhaps Kim isn’t short of a bob or two herself. Pehaps it’s an engagement present or some money being buried from other sources ?

    http://citywire.co.uk/money/leading-fund-manager-has-secret-stake-in-fii-group/a204069

    http://morningstar.timesonline.co.uk/?page=company-news-item&item=7700876367095&companyId=273

    http://boards.fool.co.uk/retex-plastics-prospectus-thoughts-6392551.aspx?sort=postdate

    The final link is just a reference to lebron, for which they never delivered.

    Same old faces, or perhaps being raised again, if not them it’s partners/family.

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