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JUDGMENT RESERVED IN ALLERDALE CASE

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Allerdale BC will have to wait to learn if it is to be saddled with a multi million pound debt after the collapse o...
Allerdale BC will have to wait to learn if it is to be saddled with a multi million pound debt after the collapse of a disastrous council backed property scheme.

Merchant bank Credit Suisse is claiming more £5 million from Allerdale BC which insists the debts - arising from the failure of a time-share and leisure pool complex - are unenforceable.

After a marathon hearing spanning more than eight months, Mr Justice Colman last week reserved his decision to an unspecified later date.
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