Edinburgh challenge tamed on appeal
While the Scottish Court of Appeal's decision to reverse the dismissal of the Scottish Lion solvent scheme of arrangement has seen off the threat to the mechanism's future, the story will not end there.
Early reactions to the victory make it clear that the legacy industry's relief at the clarity of the judgment is tempered by the knowledge that the Audley Gilroy-owned insurer and its administrators, PricewaterhouseCoopers (PwC), could still face a fight for legal sanction.
In its 29 January...
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