Out of £35m, £20m was for customers who have already travelled and return which should have been paid to Globspan. This only suggest that E-Clear don't have that money. I have my doubts if they will come up with this money.

£35 million is a lot of money. As well as being implicated in the demise of Globspan, E-Clear was also linked to the failure earlier in the autumn of the Slovakian Airline SkyEurope. Let us hope that E-Clear can produce this sum, or evidence of its existence, very soon.

Friday is going to be a very interesting day for anyone following this story, not least the 800 Globespan employees who lost their jobs.
Any sympathy which one could have held for E-Clear protecting their position against claims in the event of Globespan's failure will rapidly disappear if it becomes apparent that the £35m no longer exists or has been depleted in some way.