Tightrope

Andrew Duguid

Chapter 8 in On the Brink, 2014, pp 241-277 from Palgrave Macmillan

Abstract: Abstract With Equitas not yet authorised, a deal not yet struck with Names’ leaders and rough estimates still not sent to each member, the tightrope stretched out ahead. There were still big uncertainties: strong opposition from a vociferous minority; many other Names still unpersuaded; funds to make the offer affordable still to be raised; a vote on a central fund levy to raise £440 million still to come; and a bridging loan needed to convert future contributions to cash. A massive effort was still needed to win acceptance for the R&R plan.

Keywords: Reconstruction Plan; English Court; Forum Shopping; Corporate Member; Security Exchange Commission (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-29930-7_8

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DOI: 10.1057/9781137299307_8

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