A court in the British Virgin Islands on Tuesday heard details of the Barclay family's plans to repay debt owed to Lloyds Banking Group using funds provided by a 'well-respected member of the UAE royal family'.
A court in the British Virgin Islands on Tuesday heard details of the Barclay family’s plans to repay debt owed to Lloyds Banking Group using funds provided by a “well-respected member of the UAE royal family”.A court in the British Virgin Islands on Tuesday heard details of the Barclay family’s plans to repay debt owed to Lloyds Banking Group using funds provided by a “well-respected member of the UAE royal family”.
Lloyds Banking Group is still seeking court approval to dissolve a company controlled by the Barclay family but the court agreed to delay another hearing on this until November. Several media groups and investors have held talks with potential backers in the Gulf to help finance a bid for the titles.
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