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Renault to pay Lotus debts by end of year
In the High Court in London this morning, Mr Justice Birss adjourned the outstanding case against the Lotus F1 team until 21 December, after being told that Renault's buy-out of the team will be finalised five days earlier. We are in a different territory now,' insisted a lawyer for Lotus, referring to the fact that after months of promises and speculation the takeover was now (almost) a reality. 'You got away with it, or rather, it has been got away with,' said Justice Birss, after hearing that none of the creditors, which include Her Majesty's Revenue and Customs, object to the latest adjournment. On Thursday, over two months since announcing that a Letter of Intent had been signed,...
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