Lawyers for Camelot asked a High Court judge yesterday to revoke the Commission ruling to enter exclusive talks with People’s Lottery consortium led by Sir Richard Branson and supported by KPMG.
The incumbent operator is seeking a judicial review of the regulator’s decision last month to reject both bids, but allow the People’s Lottery a month to improve its bid.
The Lottery Commission said it had based its decision to disallow Camelot from entering the second round of talks because of its concerns over Gtech’s ability following a software fault. The fault, which led to underpayments on winnings, was covered up by the US software supplier, Gtech.
Camelot wants a declaration that the decision is unlawful, and an injunction to restrain the Commission from granting a new licence until Camelot has had a fair opportunity to improve its bid.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.