What Will Happen With London’s Infamous Solvent Schemes of Arrangement
A Business Insurance article by Sarah Veysey reports that news is expected "soon" on British regulation of solvent schemes of arrangement, a scourge for companies and persons that purchased insurance policies. The comments follow up on September 2013 "consultation" on the solvent schemes. In brief, a solvent scheme is a proceeding in which an insurer seeks to run away from its prior promises, without paying fair value for running away from its prior promises. As some may rec