Джеффри Арчер - And Thereby Hangs a Tale

Liam and Pepe both accepted that because of the huge amount of work involved with the project, it would be years before they could consider taking on any other commitments.

Liam had a large-scale model of the site built, and commissioned a documentary film maker to produce a twenty-minute promotional video entitled Valldemossa Vision . The Allied Irish Bank clearly bought into this vision, and released an initial two point three million euros to Liam as a deposit on the land.

It was another year before Liam was ready to present his outline planning application to the Consell Insular de Mallorca. When Liam rose to make his speech to the Valldemossa council, every elected member was seated in his place. He took them slowly through his master plan, and when his presentation came to an end, he called for questions.

If only to persuade people they haven’t fallen asleep, politicians always have well-prepared questions to hand. However, Liam’s experts had spent hours anticipating each and every question they were asked, and others that hadn’t even been thought of. When Liam finally sat down, he was greeted by warm applause from both main political parties.

The governor of the Balearics rose to congratulate Liam and his team on a splendid and imaginative scheme, while the Mayor of Valldemossa enthusiastically assured his colleagues that the project would undoubtedly attract wealthy residents, ensuring increased revenue for the council’s coffers for many years to come.

No one was surprised when, six weeks later, the Consell Insular de Mallorca granted outline planning permission to Casey, Miro & Co. for its Valldemossa project, which the mayor described to the press as bold, imaginative and of civic importance. But Pepe had already warned Liam there was one more hurdle that had to be negotiated before they could return to the bank and ask for the remaining twenty point seven million euros of their advance. It was still necessary for the Supreme Court in Madrid to rubber-stamp the whole project before the first bulldozer would be allowed on the site, and the court was well known for rejecting projects at the last moment.

Three different sets of lawyers worked night and day in Madrid, Barcelona and Palma, and nine months later to everyone’s relief the Supreme Court gave its imprimatur.

The following day Liam flew to Dublin, where even more lawyers were working on the documentation that would allow him to be able to draw on a rolling fifty-million-euro loan. Building costs only ever go in one direction.

Within minutes of the ink drying on the paper, four of the leading construction companies in Europe were driving their vehicles on to the site, followed by over a thousand workers who were looking forward to being employed for the next ten years.

Liam had never taken a great deal of interest in Majorcan politics, and he made a point of not supporting either main party when it came to the local elections. He made it a policy to donate exactly the same amount to the campaign funds of both the major parties so he could continue to deal with whichever one was in power.

Over the years, it had always been a close-run thing between the Partido Socialista Obrero Español and the Partido Popular, with power changing hands every few years. But to everyone’s surprise, when the election result was announced from the town hall steps later that year, the Green Party had captured three seats and, more important, held the balance of power, as the other two parties were evenly split with twenty-one seats each. Liam didn’t give the result a great deal of thought, even when the Mallorca Daily Bulletin informed its readers that the Greens would join a coalition with whichever party was willing to support their ideological aims. The most important of which, as had been stated in their manifesto, was not to grant any future planning permission in Valldemossa.

This suited Liam as it would cut out any further rivals, making his the last project to be approved by the Supreme Court in Madrid. But once the resolution had been passed in council, with the backing of both main parties, the Greens, encouraged by their success, immediately announced that any projects currently underway should have their planning permission rescinded. This time Liam was concerned, because his lawyers warned him that even if the Supreme Court eventually overruled the council’s decision, his project could be held up for years.

‘Every day we’re not working will cost us money,’ Liam warned Pepe. He realized that if the Greens were able to get either of the two main parties to support their proposal, he and Pepe would be bankrupt within weeks.

When the council met to take a vote on the Greens’ resolution, Liam and his team sat nervously in the public gallery waiting to learn their fate. Passionate speeches were made from all sides of the chamber, and even after the last councillor had offered his opinion, no one could be sure how the numbers would fall.

The chief clerk called for the vote, and for the first time that evening the chamber fell silent. A few minutes later the Mayor solemnly announced that the Greens’ proposal to rescind all current planning permissions had been carried by twenty-three votes to twenty-two.

Liam had lost all his few bobs in a few minutes.

Every one of his workers immediately deserted the site. Unfinished houses were left without doors or windows, cranes stood unmanned and expensive equipment and materials were left to rust. By the time Liam recalled his late father’s wise advice, it was too late to turn the clock back.

The company’s lawyers recommended an appeal. Liam reluctantly agreed, although, as they had pointed out to him, even if they were eventually able to overturn the council’s decision, by then years would have passed and any possible profit would have been swallowed up by interest payments alone, not to mention lawyers’ fees.

The Allied Irish Bank quickly responded to the news from Valldemossa by placing an immediate stop order on all Liam’s accounts. They also issued a directive instructing Casey, Miro & Co, and any of its associates, to repay the outstanding thirty-seven-million-euro loan at the first possible opportunity, although it must have known that neither Liam nor Pepe could any longer afford the airfare to Dublin.

Liam informed the bank that he intended to appeal against the council’s decision, but he knew, and so did they, that even if he won, they still would have lost everything by the time the Supreme Court reached its verdict.

An appeal date was set for the Supreme Court of Madrid to sit in judgement on the Valldemossa project, but before then Liam and Pepe had been forced to sell their homes, as well as what was left of the company’s assets, to pay lawyers’ bills on both sides of the Irish Sea.

Liam returned to the Flanagan Arms for the first time in twenty-three years.

When Liam and Pepe appeared before the Supreme Court two years later, the senior panel judge expressed considerable sympathy for Mr Casey and Mr Miro, as they had invested ten years of hard work, as well as their personal fortunes, in a project that both the Valldemossa council and the Supreme Court had considered to be bold, imaginative and of civic importance. However, the court did not have the authority to overturn the decision of an elected council, even when it was retrospective. Liam bowed his head.

‘Nevertheless,’ the judge continued, ‘this court does have the authority to award compensation in full to the appellants, who carried out their business in good faith, and fulfilled every obligation required of them by the Valldemossa council. With that in mind, this court will appoint an independent arbitrator to assess the costs Mr Casey and Mr Miro have incurred, which will include any projected losses.’