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Liquidator seizes Royal Thai Air Force plane in Munich

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Old 13th Jul 2011, 19:08
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UMMMMM I sure hope that the German people will one day also rise up to their government to ask what has happened to their tax money dumped into Greece and other European nations so where's the claim to the inevitable hair cut on the amount of debt given to these countries?
The money spent by German tax payers is going via various routes back to the German banks that lent it in the first place - hence the reluctance of the ECB to give the bondholders a haircut (on the basis that they made risky "investments"). The German industrial sector will also benefit hugely by getting their hands on Greek (and Portuguese, Irish, Spanish and Italian, in due course) infrastructure assets such as railways, airports, toll roads etc which the EU/IMF will force these countries to sell at knock down rates.

MD
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Old 13th Jul 2011, 19:22
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I'm afraid it's getting funny here.

A fooled company wants the money for an undaubtful job, simple.

The question is, is the Thai Prince the correct address......
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Old 13th Jul 2011, 20:26
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The Over Privileged Half-Wit Club

It would appear to me to be a diplomatic Faux Pas...The Prince may be a bit of a legend in his own pants, but as a leader (in a loose sense of the word) it would be frowned upon it take is aircraft.

Although flying around Europe over the last couple of years there are several aircraft large and small that have been "impounded." For so long the ramp area they sit on is several inches lower than the surrounding tarmac, due to the resurfacing going on around it. The tarmac will eventually become a record to the history of the aircraft, the depth of the tarmac...like the rings of a tree.

I remember a tired looking gulfstream being impounded at Luton until about 18 months ago. It belonged to some African leader / murderer.

I am not saying its right impounding the aircraft, but some of these so called "diplomats and royals" should be refused access to the rest of the world. If they want to act like playboys, they can do it on the cornice in Al Khobar or down town Doha, not act like untouchable fags from an over privileged half-wit club.
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Old 13th Jul 2011, 21:37
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So how did the Prince and his entourage get back Home ? - or did I miss something ?
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Old 13th Jul 2011, 22:28
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Sealed

"So how did the Prince and his entourage get back Home ? - or did I miss something ?"

Nobody really knows yet. Maybe he´ll spend some more days in the spa, it´s just around the corner. Or fly Lufthansa, which isn´t that bad.


Sealed.
Photo: Financial Times Deutschland
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Old 13th Jul 2011, 23:29
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Court: judicial branch
Foreign Office: executive branch

= division of powers

For a court, a debtor is a debtor is a debtor.

And why should a government debtor be in a better position than any other debtor? You order a highway, you pay for it. If you do not pay, the other guy will be chasing your assets. The Thai defense at the moment is that the aircraft is not owned by the government, but by the Crown Prince himself. If they can prove this, the bird will be off the hook. If not - the media are already analyzing if a not exactly factory fresh Boeing 737-400 will be worth 30m quid when auctioned off (it certainly won't).
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Old 14th Jul 2011, 11:20
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Royal Thai Armed Forces; 300,000 active personnel
German Military = 220,000
With these numbers the result would be Thailand occupied by germans in a blink of an eye.
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Old 15th Jul 2011, 21:33
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update

TBSC wrote:
"With these numbers the result would be Thailand occupied by germans in a blink of an eye."

I´m afraid, yes...

"Thai prince plane affair in hands of German justice: Berlin (AFP)
BERLIN — Thailand's foreign minister flew into Berlin Friday for talks on the impounding of an aircraft owned by the Thai crown, but the German government insisted that it was a matter for the courts.
Foreign Minister Kasit Piromya met with German foreign undersecretary Cornelia Pieper to discuss the matter, foreign ministry spokesman Martin Schaefer told reporters.
German Foreign Minister Guido Westerwelle is currently visiting Mexico.
Before the Thai minister's arrival however, he said the government could not comment on the affair "because we respect the independence of the judicial authorities" handling the case.
On Tuesday, German officials sealed a Boeing 737 often flown by the heir to the Thai throne Maha Vajiralongkorn, and banned it from taking off, Munich airport said. The move came because of a long-running business dispute.
"Legally, this is a huge mistake," Kasit told reporters in Bangkok before leaving for Europe. In Thailand the royal family is a revered institution.
In talks in Berlin, Pieper regretted "the inconvenience caused to the crown prince by this seizure."
But she reiterated Westerwelle's position that the matter was in the hands of the German courts.
In a statement the two ministers agreed that the matter should not harm bilateral relations.
Werner Schneider, insolvency administrator for the Walter Bau firm, said the seizure followed repeated refusals by the Thai government to pay money it says it is owed.
"We have been trying for years ... to have our justified demands for more than 30 million euros ($42 million) met, and this drastic measure is basically the last resort," Schneider's firm said in a statement.
"The Thai government keeps playing for time and has not reacted to Schneider's demands. Even the involvement of the relevant departments of the German government proved fruitless."
The dispute goes back more than 20 years to the involvement of DYWIDAG, which merged with Walter Bau in 2001, in building a motorway link between Bangkok and Don Muang airport.
After "numerous breaches of contract by the Thai government", Walter Bau, by then insolvent, in 2007 claimed for damages. A court ruled in his favour in 2009, Schneider said.
Kasit, speaking in Bangkok said Thailand wanted "the German court to act on our request revoke the seizure immediately."
He added that the plane belonged to the crown prince, not the government.
"If this takes too long it might affect the feelings of Thai people towards German people and the country because this is related to the monarchy," he warned.
Copyright © 2011 AFP. All rights reserved."
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Old 20th Jul 2011, 10:15
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Maha Vajiralongkorn gets his plane back but with strings attached

Strings amounting to €20 mio, to be exact.

Nach Pfändung: Der Thai-Prinz darf seine Boeing wiederhaben - Ausland - FOCUS Online - Nachrichten
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Old 21st Jul 2011, 16:11
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Very clever move on the part of the liquidator.

The Thai government have strung this case out for years to thwart efforts to satisfy the courts ruling on the debt. There is no intention to pay.

However when the Royal Jet (which sports Royal Thai Airforce livery) was seized the Thai's thought they could do the usual thing and send the foreign minister to influence the politicians to dictate to the German courts in much the same way as things are done in Thailand. They do not understand 'separation of powers' where the courts are not influenced by politicians. So when the Germans said we cannot the next move was to issue new paperwork to claim the aircraft belongs to the Thai Prince. Worth about as much as a fake degree bought from a tourist stall in downtown Bangkok.

The court now wants the cash bond and I can tell you a certain Thai royal is going to go ballistic with the minions back home.

Loss of face is as big as money in Thai circles. That piece of A4 stuck to the door will cause more ructions than any money. Mr O as he is known will be demanding action and quick.

Read this to get a true picture of how this will unfold.
The impounded Thai aircraft and lessons from the Thai media | Asian Correspondent
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Old 21st Jul 2011, 17:42
  #31 (permalink)  
 
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The Over Privileged Half-Wit Club
It would appear to me to be a diplomatic Faux Pas...The Prince may be a bit of a legend in his own pants, but as a leader (in a loose sense of the word) it would be frowned upon it take is aircraft.

Although flying around Europe over the last couple of years there are several aircraft large and small that have been "impounded." For so long the ramp area they sit on is several inches lower than the surrounding tarmac, due to the resurfacing going on around it. The tarmac will eventually become a record to the history of the aircraft, the depth of the tarmac...like the rings of a tree.
I remember a tired looking gulfstream being impounded at Luton until about 18 months ago. It belonged to some African leader / murderer.
I am not saying its right impounding the aircraft, but some of these so called "diplomats and royals" should be refused access to the rest of the world. If they want to act like playboys, they can do it on the cornice in Al Khobar or down town Doha, not act like untouchable fags from an over privileged half-wit club.
Indulged by our western leaders and governments Spunky Monkey!
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Old 26th Jul 2011, 06:50
  #32 (permalink)  
 
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Vajiralongkorn still without his toy:

Tauziehen mit Thailand: Prinzen-Jet bleibt doch am Boden - SPIEGEL ONLINE - Nachrichten - Wirtschaft

Nobody seems interested in putting up the €20m surety bond......
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Old 3rd Aug 2011, 09:21
  #33 (permalink)  
 
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Things are moving forward..

Apparently embarrassed by the Crown Prince's publicly stated offer to pay the surety of €20m himself, the Thai government has been propelled into action. Officially, the line is that they do not wish to bother the Crown Prince with such a trifle matter.

The Thai Attorney General has now announced a visit to Germany to negotiate a settlement of the outstanding amount due to now-defunct Walter Bau AG, which - when paid - will enable the release of Vijaralongkorn's toy.



Gepfändete Boeing: Thailand will Jet-Affäre lösen - SPIEGEL ONLINE - Nachrichten - Wirtschaft
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