Latest news with #LordSandison
Glasgow Times
7 hours ago
- Business
- Glasgow Times
Update on finance firm's case against Rangers in Court of Session
Lawyers for the 'Gers and Reputation Exchange PLC told judge Lord Sandison that they have reached an agreement in the action 'in principle.' The news emerged during proceedings at the Court of Session on Friday. It is the latest hearing in an action brought by Reputation Exchange PLC who are seeking to recover undisclosed but 'significant compensation' from the Glasgow club. The company, known as REPX, believes the 'Gers owe it money over an aborted agreement between the two sides. REPX says Rangers wanted it to develop a 'customised payment card' which would have allowed fans to buy products associated with it. However, the business claims that Rangers stopped the card from coming into operation. It says it was provided with legal advice from 'Scottish legal counsel' saying the club breached an agreement. The firm also claims that the alleged breach means it is entitled to compensation - it says that it invested a large amount of its own money into developing the card, and it should be compensated for the sum it spent. On Friday, Rangers' lawyer Timothy Young told Lord Sandison of the latest development in the case. READ NEXT: Man arrested after woman and four horses die in crash The court had earlier heard from REPX's advocate Ross Anderson, who said that the agreement between the two sides still needed to be finalised. Mr Young said: 'I would echo what Mr Anderson has said about parties having reached an agreement in principle, subject to entering into the settlement agreement. 'As my learned friend indicated - it's not so much that the agreement hasn't been reached. It's simply that implementation of that agreement will take some time. According to REPX's website, the firm describes itself as being a 'fintech company' that is 'disrupting' traditional banking. It states: 'REPX is creating for celebrities, influencers, sport teams, brands, iconic cities, the opportunity to monetise their fan base with unique co-branded prepaid cards, debit cards, and patented digital products catered to their loyal legions of followers and fans' It started working with Rangers to design a prepaid card after making similar products for Italian sides AC Milan and Torino. In the firm's strategic report for the year ending December 31 2023, the company talks of initiating a legal action against a football club which it doesn't name. READ NEXT: CCTV released of man in football top after Glasgow train incident The report states: 'The company initiated legal action against a football club to recover the advance paid to acquire the right to issue branded prepaid cards, as well as to recover the loss of profit and/or cost of investments made to develop an app customised to the wishes of the club itself. 'Below are some key extracts from the letter sent by our lawyers to the other side, anticipating that proceedings will be commenced against the football club without further delay should it not be possible to resolve the claims in the early course. "Our Client has also had the benefit of advice from senior counsel on Clause 12 of the contract.'Our Client (REPX) has suffered significant losses as a result of your client's breaches of contract. Our Client maintains claims against Your Client under the following heads.' It states the failed scheme created losses of £1.5million on top of £500,000 in 'aborted costs', including design work. They say this is on top of further £120,000 in cash they had paid the club as part of an agreement to launch the card in August 2023 before the plan was shelved. Bosses are also claiming a further £20,000 for 'costs and wasted management time'. In a letter sent to the council of the Cyprus Stock Exchange on December 27 2024, REPX directors state that 'the company has started a costly lawsuit against the Scottish club Rangers FC, who had a customised payment card created to their specifications.' READ NEXT: Glasgow firms named and shamed for 'deliberate' unpaid tax It further states: 'REPX invested several hundred thousand GBP in technology and one year of development) and then effectively blocked the issuance of the card on instrumental grounds that even the Scottish Legal Counsel (which carries significant weight in Scotland), who provided us with the prior legal advice to start the legal process, dismissed as unfounded. 'In fact, the Scottish Legal Counsel invited us to assert our right to a substantial refund of the amount invested on the basis of the Scottish club's claims. we "We believe we should be entitled to receive significant compensation.' On Friday, Mr Anderson said: 'The parties have reached a commercial settlement.' Lord Sandison expressed concern about the state of the settlement agreement. He said that he wasn't content to end the action at the close of Friday's hearing because of the lack of detail provided to the court. He said that unless parties could finalise the details of the agreement, they would be expected to come to court to participate in a proof - the Scottish legal term used to describe the main hearing in civil cases - next month. Lord Sandison told the two advocates: 'I'm not asking you in any way to disclose the terms of the settlement agreement. 'But let us hypothesise that it might be that one party is going to pay some money to the other party. 'What's going to happen to the agreement - I pose this question rhetorically - if that money is not paid on the day that it is supposed to be paid? 'Is there a settlement or is there not? If there is, then there is no need to postpone the disposal of this action until implemented because you have got a binding agreement - which you can just come right back to court and say 'here's a binding agreement: it hasn't been performed, we want it to be performed.' 'I can assure you that in sort of situation the court rapidly expedites the disposal of such actions.' READ NEXT: Man dies on Scottish beach in Saltcoats after 'taking unwell' Lord Sandison also said that if the matter is settled today, then the dates allocated by the court to the two sides could have been allocated to another party who is taking legal action. He added: 'I think it's very common knowledge that I don't discharge diets - substantive diets - on the promise of a settlement one day.' He urged the two sides to finalise the agreement. He added: 'I've hoped I've made it perfectly clear. I can't imagine that I haven't. Either this action settles before the start of the proof diet, or it proceeds on the proof diet - loud and clear?' The proof is scheduled to be heard at the Court of Session between July 8 and July 11 2025.
Scottish Sun
10 hours ago
- Business
- Scottish Sun
Rangers finally ‘settle' long-running £2m lawsuit but judge isn't happy
Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) RANGERS and a finance firm tasked with developing a fans pre-payment card have agreed to 'settle' a 'costly' lawsuit, a court has heard. Lawyers for the Ibrox side and Reputation Exchange PLC told judge Lord Sandison at the Court of Session today that they have reached an agreement in the action 'in principle". Sign up for the Rangers newsletter Sign up 3 An external view of Ibrox stadium Credit: Getty 3 Lawyers for the Gers were back in court today Credit: PA But Lord Sandison expressed concern about the state of the settlement agreement. He said that he wasn't content to end the action at the close of Friday's hearing because of the lack of detail provided to the court. He said that unless parties could finalise the details of the agreement, they would be expected to come to court to participate in a proof - the Scottish legal term used to describe the main hearing in civil cases - next month. It was the latest hearing in an action brought by Reputation Exchange PLC who are seeking to recover undisclosed but 'significative compensation' from the Glasgow club. The company, known as REPX, believes the Gers owe it money over an aborted agreement between the two sides. Lord Sandison told the two advocates: 'I'm not asking you in any way to disclose the terms of the settlement agreement. 'But let us hypothesise that it might be that one party is going to pay some money to the other party. 'What's going to happen to the agreement - I pose this question rhetorically - if that money is not paid on the day that it is supposed to be paid? 'Is there a settlement or is there not? If there is then there is no need to postpone the disposal of this action until implement because you have got a a binding agreement - which you can just come right back to court and say 'here's a binding agreement: it hasn't been performed, we want it to be performed.' 'I can assure you that in sort of situation the court rapidly expedites the disposal of such actions.' Rangers hero Ally McCoist lands massive double bed and tells roommate 'it'll be interesting when Gabby Logan gets here' Lord Sandison also said that if the matter was settled today then the dates allocated by the court to the two sides could have been allocated to another party who is taking a legal action. He added: 'I think it's very common knowledge that I don't discharge diets - substantive diets - on the promise of a settlement one day.' He urged the two sides to finalise the agreement. He added 'I've hoped I've made it perfectly clear. I can't imagine that I haven't. Either this action settles before the start of the proof diet or it proceeds on the proof diet - loud and clear?' The proof is scheduled to be heard at the Court of Session between July 8 and July 11 2025. REPX claims Rangers wanted it to develop a 'customised payment card' which would have allowed fans to buy products associated with it. However, the business claims that Rangers stopped the card from coming into operation. It says it was provided with legal advice from 'Scottish legal counsel' saying the club breached an agreement. The firm also claims that the alleged breach means it is entitled to compensation - it says that it invested a large amount of its own money into developing the card and it should be compensated for the sum it spent. On Friday, Rangers's lawyer Timothy Young told Lord Sandison of the latest development in the case. 3 A general view of the Ibrox pitch Credit: PA The court had earlier heard from REPX'S advocate Ross Anderson who said that the agreement between the two sides still needed to be finalised. Mr Young said: 'I would echo what Mr Anderson has said about parties having reached an agreement in principle subject to entering into the settlement agreement. 'As my learned friend indicated - it's not so much that the agreement hasn't been reached. It's simply that implementation of that agreement will take some time." According REPX's website, the firm describes itself as being a 'fintech company' that is 'disrupting' traditional banking. It states: 'REPX is creating for celebrities, influencers, sport teams, brands, iconic cities, the opportunity to monetize their fans base with unique co-branded prepaid cards, debit cards, and patented digital products catered to their loyal legions of followers and fans.' It started working with Rangers to design a prepaid card after making similar products for Italian sides AC Milan and Torino. In the firm's strategic report for the year ending December 31 2023, the company talks of initiating a legal action against a football club which it doesn't name. The report states: 'The company initiated legal action against a football club to recover the advance paid to acquire the right to issue branded prepaid cards, as well as to recover the loss of profit and/or cost of investments made to develop an app customized to the wishes of the club itself. 'Below are some key extracts from the letter sent by our lawyers to the other side, anticipating that proceedings will be commenced against the football club without further delay should it not be possible to resolve the claims in early course "Our Client has also had the benefit of advice from senior counsel on Clause 12 of the contract. 'Our Client (REPX) has suffered significant losses as a result of your client's breaches of contract. Our Client maintains claims against Your Client under the following heads.' It states the failed scheme created losses of £1.5million on top of £500,000 in 'aborted costs' including design work. They say this is on top of further £120,000 in cash they had paid the club as part of an agreement to launch the card in August 2023 before the plan was shelved. Bosses are also claiming a further £20,000 for 'costs and wasted management time'. In a letter sent to the council of the Cyprus Stock Exchange on December 27 2024, REPX directors state that 'the company has started a costly lawsuit against the Scottish club Rangers FC who had a customised payment card created to their specifications.' It further states: 'REPX invested several hundred thousand GBP in technology and one year of development) and then effectively blocked the issuance of the card on instrumental grounds that even the Scottish Legal Counsel (which carries significant weight in Scotland) who provided us with the prior legal advice to start the legal process dismissed as unfounded. 'In fact the Scottish Legal Counsel invited us to assert our right to a substantial refund of the amount invested on the basis of the Scottish club's claims. "We believe we should be entitled to receive a significative compensation.' On Friday, Mr Anderson said: 'The parties have reached a commercial settlement.' Keep up to date with ALL the latest news and transfers at the Scottish Sun football page
BBC News
03-03-2025
- BBC News
Inverness rapist who faked his death has sentence extended
A rapist who tried to evade justice by fleeing Scotland then faking his own death in the US has had his prison sentence Avis, a market trader from Inverness, was on bail when he flew to Los Angeles in February faked a fatal swimming accident on a Californian beach but was later arrested and returned to Scotland where he was convicted of rape and sexual abuse offences and jailed for 15 years. Avis has had two months added to his sentence after he was found guilty of possessing a personal communication device at HMP Edinburgh in May last year. He was sentenced at Edinburgh Sheriff Court last week. Nine days after arriving in the US in 2019, Avis's son reported him missing at Monastery Beach, telling the local sheriff's office that his father had gone for an evening beach is near Carmel-by-the-Sea on Big Sur, a rugged and mountainous stretch of Californian the authorities became suspicious after they were made aware that Avis was facing charges of sexual attacks against women and girls in the months after he disappeared, US Marshals traced Avis in Colorado Springs - more than 1,300 miles (2,092km) away from where he was reported following week, in July 2019, he was was returned to Scotland, where he was held in prison until his trial in May 2021. A jury at the High Court in Glasgow found him guilty of raping three was also found guilty of attempting to rape one of them when she was 12, and guilty of sexually assaulting a girl when she was was further convicted of failing to appear for the previous total, Avis was found guilty of 14 charges from between 2006 and 2017. He had denied all the June 2021, he was jailed for 12 years for the sex crimes he committed, and three years for failing to appear in Lord Sandison said at the time that Avis had been a well-known street trader in Inverness for many years, busking and selling jewellery from his market stall and even receiving a good citizen the judge said there was another side to Avis, with a background report describing him as "a controlling and dominant personality".He said Avis had manipulated, managed and coerced his victims.
