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England and Wales High Court (Queen's Bench Division) Decisions |
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You are here: BAILII >> Databases >> England and Wales High Court (Queen's Bench Division) Decisions >> Harrods Ltd v Dow Jones & Company Inc [2003] EWHC 1162 (QB) (22 May 2003) URL: http://www.bailii.org/ew/cases/EWHC/QB/2003/1162.html Cite as: [2003] EWHC 1162 (QB) |
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QUEEN'S BENCH DIVISION
Strand, London, WC2A 2LL |
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B e f o r e :
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HARRODS LIMITED |
Claimant |
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- and - |
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DOW JONES & COMPANY INC |
Defendant |
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Mr Gavin Millar Q.C. and Mr Anthony Hudson (instructed by Finers Stephens Innocent) for the Defendant
Hearing dates : 7 and 8 May 2003
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Crown Copyright ©
Mr Justice Eady:
"The information may help those journalists who have speculated during the last few months as a future direction of Harrods. The announcement will only be posted on the website until 12 noon on April 1st.
To view the information, log onto alfayed.com and click on the Harrods story on the home page. The re-launched Alfayed.com is Mr Al Fayed's personal website and gives the visitor the opportunity to learn a little more about Mr Al Fayed, his life, his beliefs and his thoughts".
Anyone interested was invited to contact "LOOF LIRPA" at Harrods.
"If Harrods, the British luxury retailer, ever goes public, investors would be wise to question its every disclosure.
Harrods made "news" at the beginning of this week, when the London department store operator announced it was about to sell shares publicly. Some news organisations picked up the news item, including The Wall Street Journal in a news briefs column – but it was all an April Fools' joke. The gimmick was a promotion for the Web site of Mohamed Al Fayed, the company's Chairman. Clues that it was a joke included the fact that contact person listed to get more information was Loof Lirpa – April Fool spelled backward.
Not exactly Monty Python-level stuff. But Harrods was pleased with itself, "The reason we played out this April Fools' joke was to draw people's attention" to the re-launched and redesigned Web site, says Peter Willasey, corporate communications direct for Harrods. "We have no plans" to issue shares.
Can Harrods get in trouble for messing around with the facts? It is a private limited company. As such its actions aren't under the aegis of the Financial Services Authority, the U.K.'s securities regulator. A spokesman for Companies House, an agency of the Department of Trade and Industry responsible for regulating corporate governance in the U.K., said the body wasn't aware of any complaints.
As of yesterday, Harrods hadn't calculated the number of hits that Mr Al Fayed's Web site obtained to gauge the success of the bogus release. Mr Willasey says: 'Mr Al Fayed is delighted it has been picked up all around the world'".
"…it would be ridiculous and fundamentally wrong to have these two cases tried in this country on a very small and technical publication, when the real grievance of the plaintiff is a grievance against the wide-spread publication of the two papers in the respective countries where they are published".
a) whether or not the fixed place of business from which the representative operates was originally acquired for the purpose of enabling him to act on behalf of the overseas corporation;
b) whether the overseas corporation has directly reimbursed him for the cost of the accommodation, at the fixed place of business, and/or the cost of his staff;
c) what contributions, if any, the overseas corporation makes to the financing of the business carried on by the representative;
d) whether the representative is remunerated by reference to transactions, e.g. by commission, or by fixed regular payments, or in some other way;
e) what degree of control the overseas corporation exercises over the running of the business conducted by the representative;
f) whether the representative reserves part of his accommodation, or part of his staff, for conducting business relating to the overseas corporation;
g) whether the representative displays the overseas corporation's name at his premises or on his stationery and, if so, whether he does it in such a way as to indicate that he is a representative of the overseas corporation;
h) what business, if any, the representative transacts as principal exclusively on his own behalf;
i) whether the representative makes contracts with customers, or other third parties, in the name of the overseas corporation, or otherwise in such manner as to bind it;
j) if so, whether the representative requires specific authority in advance before binding the overseas corporation to contractual obligations.