Spellacy sided with the tort-lawyer argument that Mundet disappeared as a separate corporate entity after the buyout, making Crown liable for all Mundet's misdeeds.
Lord Bingham, and one of the Law Lords in the first panel who sided with General Pinochet, considered the retrospectivity argument briefly, and then rejected it because the plain language of Britain's 1989 Extradition Act seems explicitly to rule it out.