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RMT helpline 0800 3763706 :: april 2010 :: RMTnews
5
The judge who imposed a court
injunction against RMT banning
strike action at Network Rail has
close family ties with Goldman
Sachs one of the principle
dealers raising money for the
transport firm.
Mrs Justice Sharp is the sister
of Richard Sharp who until
recently ran Goldman Sachs'
European private equity fund.
Goldman Sachs is a principle
dealer for Network Rail's £34
billion Debt Issuance
Programme.
The Sauce is not suggesting
impropriety or conflict of
interest in the court case but
merely commenting on the
closeness of the British judicial
system to major corporate
interests a relationship which
deserves greater scrutiny when
strike action is barred by the
High Court.
Dame Victoria Madeleine
Sharp imposed a temporary
order on the RMT strike despite
a 54 per cent vote among signal
workers because of technical
inaccuracies and discrepancies
in the ballot records.
The ruling moved TUC
general secretary, Brendan
Barber, to say: “It's becoming
increasingly easy for employers,
unhappy at the prospect of a
dispute, to rely on the courts to
intervene and nullify a
democratic ballot for industrial
action on a mere technicality”.
The judge's brother Richard
was until his resignation one of
the longest serving partners in
the UK for Goldman Sachs with
an estimated personal wealth in
2004 of £125 million mostly
shares in the firm - and annual
bonuses of between £5 million
and £10 million, according to
reports.
Goldman Sachs is named on
the Network Rail website as
dealers for both the £30 billion
Multicurrency Note Programme
and £4 billion Commercial Paper
Programme. There is no
suggestion by The Sauce that
Sharp was involved in either
programme.
Mr Sharp Junior also has
close connections with the
Conservative party: Boris
Johnson announced with great
fanfare during the London
elections that Sharp would be
appointed a senior advisor for
the Mayor's Fund.
Dame Victoria Sharp's life
will be unfamiliar to many of
the Network Rail workers who
have been told their democratic
ballot for strike action is invalid
because of a legal technicality:
she was educated at the
independent North London
Collegiate School, became a QC
and took her seat at the High
Court under Labour in 2009.
The judge is the daughter of
Lord (Eric) Sharp of Stanmore in
the London Borough of Harrow
who was a confidant of
Margaret Thatcher and was
handpicked by her Conservative
government in the 1980s to
privatise Cable and Wireless.
The ruling by Mrs Justice
Sharp is just the latest from the
High Court imposed through the
strictest interpretation of the
1992 Trade Union Act which
demands accurate records of
balloted union members are
presented to the company.
The same part of the act was
used by Mrs Justice Cox to
prevent the British Airways
cabin staff from striking over
Christmas last year.
Dame Laura Mary Cox was
awarded a Lifetime Achievement
Award by human rights group
Justice - and would therefore
have been aware of a ruling
from the European Court of
Human Rights (Demir and
Baykara v Turkey) that suggests
such injunctions may undermine
union members' rights to
collective bargaining.
Professor Gregor Gall, an
industrial relations expert at the
University of Hertfordshire, has
calculated that the number of
injunctions under this part of
the act trebled during 2009.
There have been concerns raised
that the courts are being used to
prevent strikes in the lead up to
the general election.
Brendan Montague
posted this revealing
blog on The Sauce
website uncovering
the background of the
judge that banned
strike action at
Network Rail
THE SHARP END