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Ready Gibraltar claims wins in its legal war with Ready Makers Inc.
The Supreme Court of Gibraltar has lifted the worldwide freeze order against Ready Gibraltar -- a legal action that was brought about by a company civil war.
In a 32‑page judgment delivered on April 17(Neutral Citation 2025/GSC/0172), the court’s Justice John Restano discharged the injunction after finding that the claimants had “no real prospect of success” and that “neither Mr. Bennahum nor Bitkraft are entitled to relief under the Token Agreements.” He also highlighted a critical omission: Ready US – the Delaware entity the claimants relied on to argue a proprietary right over Ready Gibraltar and the $PLAY tokens – had been non-compliant since March 2023 and dissolved since March 2024. It is also a timely reminder of what happens to claimants who fail to treat the court and its processes with the care and candour it is entitled to expect,” said James Ramsden KC at the Astraea Group, in a statement. We are fighting to restore rightful control and ensure the assets are preserved for the benefit of Ready US, its investors, and the token holders who invested based on the original vision and structure.
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