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Lender says it faces collapse if restructuring not approved

Published on: 30 November 2021
Published by: Law360
  • Lender says it faces collapse if restructuring not approved

Article summary

Law360, London: Subprime lender Amigo Loans said on 29 November 2021 that it will fall into administration if it cannot restructure, after a court backed the Financial Conduct Authority's (FCA) argument that the move should be rejected amid concerns that the scheme would not protect compensation claims by borrowers. or take a trial to read the full analysis.

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