The London Team Blog - Questions to be answered for any SoA

  • conned
  • 13/10/08 n/a (free)
  • a depositor
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Posted: Thu, 12/02/2009 - 22:14

The London team has posted a blog listing the questions to be asked of the lawyers representing the IOM Government which is proposing a Scheme of Arrangement.

Clearly an enormous amount of work has gone into the preperation of this list, with a great attention to detail in its substance.

I hope that I speak for the memberhsip in congratulating the Team & the lawyers for an outstanding piece of work

It remains to be seen whether the lawyers representing the IOM Government can come up with the answers.

As of today there is nothing new coming from Mike Simpson, the Provisional Liquidator, that would suggest the possibility of there being a SoA that proposes anything near the 100% return of depositors' money.

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