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We are pleased that the Court has decided to approve the scheme. We understand that LFS expect to start making payments to scheme creditors as soon as possible, if there is no appeal of the Judge’s decision.
Investors voted overwhelmingly in support of the scheme. The small minority have now had their representations fully considered by a judge, who did not agree with their arguments.
https://www.fca.org.uk/news/statemen...me-arrangement
