{"id":2320,"date":"2019-08-22T17:30:00","date_gmt":"2019-08-22T16:30:00","guid":{"rendered":"https:\/\/newsmediauk.org\/judge-rules-government-missed-deadline-on-investigation-of-independent-and-evening-standard-shares-sale\/"},"modified":"2024-05-03T09:47:21","modified_gmt":"2024-05-03T08:47:21","slug":"judge-rules-government-missed-deadline-on-investigation-of-independent-and-evening-standard-shares-sale","status":"publish","type":"post","link":"https:\/\/newsmediauk.org\/blog\/2019\/08\/22\/judge-rules-government-missed-deadline-on-investigation-of-independent-and-evening-standard-shares-sale\/","title":{"rendered":"Judge Rules Government Missed Deadline On Investigation Of Independent and Evening Standard Shares Sale"},"content":{"rendered":"<p>A judge has ruled that the Government missed a key deadline in its attempt to investigate the sale of shares in the companies which own the London Evening Standard and the Independent to a Saudi investor.<\/p>\n<p>The Government had issued a public interest intervention notice after Lebedev Holdings Ltd and the Independent Digital News and Media Ltd sold shares to a Saudi investor and a company owned in part by a bank based in Saudi Arabia.<\/p>\n<p>The publishers made an application to the Competition Appeal Tribunal contending the PIIN was issued after the statutory time-limit, and that it sets a time period for reports from the CMA and Ofcom which means that no reference under Phase 2 could be made because that would be past the statutory deadline for a reference.<\/p>\n<p>The tribunal dismissed the first part of the application, but upheld the second part of it. &nbsp;<\/p>\n<p>The judgment said: &ldquo;In light of its decision above, the Tribunal did not think it appropriate to quash the PIIN but made a declaration that the time limit for the Secretary of State to make a reference under section 45 EA 02 expired on 1 July 2019.&rdquo;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A judge has ruled that the Government missed a key deadline in its attempt to investigate the sale of shares in the companies which own the London Evening Standard and the Independent to a Saudi investor.<br \/>\nThe Government had issued a public interest intervention notice after Lebedev Holdings Ltd&#8230;<\/p>\n","protected":false},"author":4,"featured_media":2321,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2320","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Judge Rules Government Missed Deadline On Investigation Of Independent and Evening Standard Shares Sale - News Media Association<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newsmediauk.org\/blog\/2019\/08\/22\/judge-rules-government-missed-deadline-on-investigation-of-independent-and-evening-standard-shares-sale\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Judge Rules Government Missed Deadline On Investigation Of Independent and Evening Standard Shares Sale - News Media Association\" \/>\n<meta property=\"og:description\" content=\"A judge has ruled that the Government missed a key deadline in its attempt to investigate the sale of shares in the companies which own the London Evening Standard and the Independent to a Saudi investor. 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