Run-off specialist aims for speedy closure
Omni Whittington has received approval from both the English and Singapore courts to seek creditors’ agreement to place Singapore-based Lion City Run-Off Private Limited (LCR) into a solvent scheme of arrangement to speed up settlement of its liabilities.
The scheme, developed in conjunction with Norton Rose, KPMG and Rodyk, is believed to be the first of its kind for a Singapore based insurance company.LCR’s creditors will now be invited to attend a
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