West Ferry Printers joint owners, Hollinger and Northern & Shell (N&S), will have to wait another week for a verdict from the High Court that could determine the future of the Docklands plant.
Last Friday (13 July) the vice chancellor of the chancery division, Sir Andrew Morritt, said he would reserve judgement for two weeks on the case.
The outcome will decide if Hollingers letter of intent to buy N&S share of West Ferry was completed in accordance with the original formula agreed with former Express owner United News & Media.
The ruling could also determine how the price for N&S 50% stake would be worked out.
A spokeswoman for N&S said: "We await the verdict with interest and a measure of confidence."
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"Well done all involved... great to see the investment to increase the productivity in the same footprint- much more sustainable than popping another one up."
"From 1949 until the late 2000s Remploy had a network of government-subsidised factories that offered employment specifically to disabled people, originally often war veterans or victims of industrial..."
"Does appear an odd decision as with that level of shareholder funds they would be liable for the staff redundancy and cover the insolvency costs. It’s not like they could take the money and dodge..."
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