Thanks MP, this is very interesting and helpful. As you will see from comments elsewhere on this site, the liquidators, whilst apparently acknowledging that Automodena "purported" to act as our agents, claim the company then acted as principal vis-a-vis the dealers (as far as I can work out their legal advice on this point is based solely on the fact that payment came from AutoModena - they don't seem to have any contract/order details that would bear this out). Please can you answer the following: -- The Liquidation Of Automodena Ltd.

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Date Posted: 18:16:38 02/04/02 Mon
Author: No name
Subject: Thanks MP, this is very interesting and helpful. As you will see from comments elsewhere on this site, the liquidators, whilst apparently acknowledging that Automodena "purported" to act as our agents, claim the company then acted as principal vis-a-vis the dealers (as far as I can work out their legal advice on this point is based solely on the fact that payment came from AutoModena - they don't seem to have any contract/order details that would bear this out). Please can you answer the following:
In reply to: MP 's message, "Re: Posting of messages" on 16:12:29 02/04/02 Mon

You say that brokers are specifically not allowed to act as principals vis-a-vis the dealers. Are you saying that no dealer would have accepted an order on such a basis? Please could you tell us what piece of legislation/industry agreement prevents brokers from entering a relationship with the dealer as principal. Also what's a V5 reg doc?

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Re: Thanks MP, this is very interesting and helpful. As you will see from comments elsewhere on this site, the liquidators, whilst apparently acknowledging that Automodena "purported" to act as our agents, claim the company then acted as principal vis-a-vis the dealers (as far as I can work out their legal advice on this point is based solely on the fact that payment came from AutoModena - they don't seem to have any contract/order details that would bear this out). Please can you answer the following: -- MP, 15:38:48 02/05/02 Tue
- Re: Thanks MP, this is very interesting and helpful. As you will see from comments elsewhere on this site, the liquidators, whilst apparently acknowledging that Automodena "purported" to act as our agents, claim the company then acted as principal vis-a-vis the dealers (as far as I can work out their legal advice on this point is based solely on the fact that payment came from AutoModena - they don't seem to have any contract/order details that would bear this out). Please can you answer the following: -- MP, 16:23:49 02/05/02 Tue

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