Falklands : Gordon Forbes Case Cost FIG Nearly £2Million
Submitted by Falkland Islands News Network (Juanita Brock) 23.08.2005 (Article Archived on 06.09.2005)
According to Cllr. Mike Summers, FIG are still in positive financial territory on this one.
GORDON FORBES CASE COSTS FIG NEARLY £2 MILLION
By J. Brock (FINN)
The true costs incurred by FIG in the Gordon Forbes case have been revealed at a public meeting held at 1700 on Tuesday, 23 August 2005 in the Court and Council Chamber. Though the judgment in the case is not yet published, FIG made public in Standing Finance Committee notes that over six financial years, £1,851,832 had been spent and that to date, £1,922,816.00 were paid in legal fees out of a budget of £1,951,816.00.
When asked about the expenditure and whether amore cost-effective method could be found to deal with the Forbes claim, by Mr. Roger Spink, Cllr. Mike Summers said that the original Forbes claim was for £3.6 Million and that FIG still would be on positive ground after having whittled the amount awarded down to less than half a million Pounds. He went on to say that if they had just given Mr. Forbes the money, there was a possibility of further suits against FIG by the building contractor.
FIG are hopeful that the legal wrangling can be sorted sooner rather than later, though this will not be clear until the judgment is handed down.