My reading of it is that the PL have won as the tribunal agreed that the overall purpose of the APT was correct and only two areas were deemed unfair:
1) shareholder loans should now be included as an APT
2) decisions on APT fair values should be reached quicker
The ruling doesn’t help us at all. The APT rules will stay in place probably with those minor amendments.
1) shareholder loans should now be included as an APT
2) decisions on APT fair values should be reached quicker
The ruling doesn’t help us at all. The APT rules will stay in place probably with those minor amendments.
