Credit card firm E-Clear in legal battle

Published on 1 January 1970 by Raffick Marday

E-Clear, the credit card processing company used by collapsed airline Globespan, has gone into administration.

It's the latest step in a £35 millionlegal dispute over flight payments.

Mr Justice Vos, sitting at the High Court in London, has signed an order placing E-Clear into administration and said BDO had been lined up as administrator for the business, which acts as a middleman between credit card companies and airlines.

PricewaterhouseCoopers (PwC), the administrator for Globespan, asked the court to place E-Clear into administration last week after claiming the firm owes Globespan about £35 million.

Globespan collapsed just before Christmas with the loss of 650 jobs and leaving about 4,500 holidaymakers stranded abroad.

The Globespan administrator at PwC says they'll work closely with BDO to "maximise the situation for Globespan creditors".


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