Can e-money holders retrieve their funds after administration?

Simon Deane-Johns of Keystone Law looks at the Lithuanian court's handling of the administration of UAB Payrnet — formerly a subsidiary of failed Railsbank Technology and host of the old EU-based Wirecard prepaid programmes — and explains why this case has significance not only for the creditors concerned, but also the funding structure of prepaid card programmes throughout Europe and the UK.

Read more.