RE: Potential Scheme of Arrangements27 Dec 2020 19:19
GTK , again we cannot issue amigo against other monetary lenders it doesn’t work.
No one can forecast FCA stance as they are a rule to themselves.
BUT , I think you need to delve deeper and further back to GJ appointment. Firstly he knew what situation amigo was in, what he could do to propel the company out of this mess. Does it not seem very strange the first few appointments were ex FCA ex , dame of advertising world and then share spoils for all involved within the company !, now this is not to say this deal will work but surely Gary on his daily dealings with FCA over the last few months would have gauged a degree of where he could go with these claims ? Have the FCA not capped £ proceeds from claims to other companies before ? Yes they have indeed with also time scales , so point being FCA will to a point have to take some blame for a % of claims unless all these claims fall into the topping up the loan afterwards as the guidelines were FCA. So it doesn’t seem too foolish to regard a capping of payments etc with a scheme going forward from the above point of view.