Aviation run-off scheme challenged by US creditors
British Aviation Insurance Company (BAIC) has become the first insurer to see a successful court challenge to its proposed solvent scheme of arrangement.
The decision, although unlikely to affect schemes that have already been sanctioned, will have significant ramifications for the run-off sector. New solvent schemes are now likely to be on hold untilOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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