" Richard Hunt" wrote in message

On 17/07/2009 at 14:41:06 Recliner (%mail)wrote: in
uk.railway

"Roland Perry" wrote in message

In message
,
at 05:59:59 on Fri, 17 Jul 2009, MIG
remarked:
Leave The Market to sort everything out in everyone's best
interests. The Market is a benign force for Good, unlike
Regulation, which is Evil.

So you'd prefer that all NXEC's customers lost their money (tickets
bought in advance etc) if they cease trading?

Obviously that won't happen, but I wonder what the exact mechanism
for the transfer will be? Will the new DfT ECML operating company
simply take over NXEC, complete with all its staff, leases, assets,
contracts, etc, or will there be some messy transfer of all of these
to the new company?

As I understand it, the actual service is called "InterCity East
Coast" and it's currently /operated/ by NXEC. When/if the DfT's pet
company takes over, it will still be "InterCity East Coast".

But who employs the staff? With whom are the ROSCO lease contracts?
And the Web site? And the office leases? If these are with NXEC, as I
presume they must be, how do they pass smoothly to Elaine Holt's new
outfit?