H&H has previously reported on the Financial Conduct Authority investigation into London Capital & Finance, a major event backer. We find out the latest, as some compensation is paid out
INVESTIGATIONS continue into the “complicated web of financial inter-relationships” for a former major eventing backer, as the first individuals whose money was tied up in the multi-million-pound case receive compensation.
Administrators for London Capital and Finance (LCF) have told investors they expect to reclaim a minimum of 25% of the £237m invested by bondholders.
{"content":"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"}
You might also be interested in…
H&H’s eventing editor recalls her favourite memories of the Yorkshire event, from wins for Andrew Nicholson and Pippa Funnell to
The new rules mean we can get back to what we love doing
Library image.
Credit: Peter Nixon
Libray image.
Credit: Alamy Stock Photo
FEI medical committee chairman Dr Mark Hart reminded equestrians they cannot ‘just apply what we want and ignore what is
LIbrary image.
The 2020 British Eventing rule book includes enhanced medical and social media policies
