24th of February 2011 Author: Glo Wood
An interim injunction against Playtech until the issue is resolved
A recent falling out between business partners William Hill Plc and Playtech Plc has been subject of various speculations by industry exerts particularly referring to the exact nature of litigation.
William Hill PLC issued a press statement on its website williamhillplc.com explaining that it has secured an interim injunction against Playtech Limited (Playtech) in order to ensure that its legal rights under the William Hill Online joint venture agreements are maintained
It has been reported that Playtech recently commenced discussions with William Hill so as to perform significant amendments to the current William Hill Online joint venture agreements. This was followed by press reports commenting on the negotiations between Playtech and Ladbrokes plc.
William Hill will announce the preliminary results on Friday 25 February. Referring to the William Hill Online joint venture, William Hill has stated that its performance remains strong and that the company remains committed to the success of the joint venture.
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