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Lotus case adjourned again
Lotus' legal battle with HMRC over an unpaid tax bill has been adjourned for a further two weeks at the High Court. The case has twice previously been adjourned, the last time on September 28 when Renault issued a letter of intent to purchase the Enstone-based team, staving off imminent administration. Last week the French manufacturer announced they had signed the principal contracts to purchase the team and this latest adjournment should allow Renault time to conclude their share purchase. The High Court heard on Monday that Renault aims to complete their takeover of Lotus on December 16 and pay creditors, including Britain's tax authorities, by the end of the year. All parties in a...
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