I guess 7p/week was the agreement until the sale concluded (1p a day seems to be the case). The interesting but was the judge wanting to know the issues – in short what the problem is? Swann wanted £3m for land worth half that – and funnily enough wanted £1.5m before any searches (is what I have gleaned from various sources – but heavily caveated by this just being my opinion).
The mediation is a key point – Swann didn’t want it but, having been in mediations before, is a key step in the dance to a settlement. Swann resisting ADR is let in my opinion – in that he feels he isn’t as confident in his position as some people would like him to be.
