EC3 Brokers Ltd, a Lloyds insurance broker, went into administration in late 2022 holding client monies subject to CASS 5. Its clients were corporate entities which were either end-insureds/reinsureds or were producing...
Author - Amy Gallimore
Amy Gallimore
Property lender Market Financial Solutions enters into administration amid fraud allegations
Market Financial Solutions Limited (MFS), one of the UK’s leading specialist property finance lenders, has been placed into administration. The High Court decision comes amid claims of serious financial...
High Court decision provides guidance on distribution plans in investment bank special administrations
The High Court has handed down a decision offering important guidance on the appropriate timing and scope of court involvement in the preparation of distribution plans under the Investment Bank Special Administration...
Artis Finance becomes latest non-bank lender to enter administration
Artis Finance Limited has become the latest non-bank trade finance outfit to enter administration. James Cameron, Tom Crookham and Edward Macnamara of PwC were appointed joint administrators of the London finance...
Stenn fintech collapse – what’s happened so far
Recent updates from Stenn’s administrators have cast light on the hasty demise of the London-based fintech business, which continues to generate considerable interest. Kristina Kicks, Joshua Dwyer and James Tucker...