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  • Non-Standard Finance Scheme/Plan Could Be First Test of New FCA Rules; Key Lessons From Amigo, Provident

Non-Standard Finance Scheme/Plan Could Be First Test of New FCA Rules; Key Lessons From Amigo, Provident

Connor Lovell of Reorg provides key takeaways and lessons learned from the cases of Amigo and Provident, which were able to compromise redress liabilities by means of a scheme of arrangement, and examines how the situation of U.K.-listed subprime lender Non-Standard Finance may be different given the new guidance from the FCA.