BusinessBusiness RecoveryBloom secures victory in Railtrack court case

Bloom secures victory in Railtrack court case

Ernst & Young's Alan Bloom, the Railtrack administrator, has scored an important victory in his battle with the rail regulator over who sets conditions for track access.

Train and freight operators will now have to hammer out new track access contracts with the administrators and have less recourse to the rail regulator for mediation following a High Court decision.

The issue arose when EWS, the UK’s largest rail freight operator, ran into problems over the renewal of its contract to operate on the rail network.

EWS had asked the regulator, Tom Winsor, to intervene but Bloom maintained that, under the Insolvency Act, Winsor had no power to step in.

The regulator has said it will appeal the decision.

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