Fund wins sanction of contested English scheme, MPs label decision “disastrous”

Fund wins sanction of contested English scheme, MPs label decision “disastrous”

A fund services provider has secured sanction of a heavily contested “take it or leave it” English scheme that will see creditors release their rights to make claims under the UK’s statutory financial services compensation scheme but receive a share of up to £230 million to settle claims stemming from the liquidation of a fund it managed.

Unlock unlimited access to all Global Restructuring Review content