UK: Land Rover, KPMG, settle bust supplier debt row
Land Rover and accountants KPMG, the administrative receivers of UPF (UK) Limited, have reached an agreement ending a major row over Discovery chassis supply already twice-fought in court. Neither Land Rover nor KPMG will disclose the terms of the settlement but it is understood that Land Rover has paid substantially less than the amount KPMG originally sought in a deal which a carefully-worded statement described as “the acquisition of the debt by Land Rover, who will facilitate the continuation of the business through a number of committed parties.”
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