- Insolvency Insider UK
- Posts
- Can e-money holders retrieve their funds after administration?
Can e-money holders retrieve their funds after administration?
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/f17f76be-df2b-4de8-a884-44c48ed7b7ec/blake-wisz-Xn5FbEM9564-unsplash.jpg?t=1720786397)
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.