We keep getting told that the RAA meets all legal requirements - but it has not been tested in an independent environment ie the Courts or a Tribunal. I am not inclined to believe those with a vested interest in forcing it through, that would be just plain foolish.
Pinsent Mason - a well respected and independent law firm has a leaflet on RAA's. http://www.out-law.com/en/articles/2016/march/regulated-apportionment-arrangements-no-magic-bullet-for-struggling-schemes-says-expert/
Quoting from Pinsent Mason's leaflet
' Some corporate advisers tout Regulated Apportionment Arrangements as a magic bullet for solvent restructurings ....... Struggling employers need to be wary wasting management time and money pursuing a goal with low prospects of success '
Which gives me some doubt in the whole process; especially when I have requested a extension to the deadline and await a reply, is the RAA being forced through because it has latent defect?
Does this whole process pass the smell test? My opinion is that it doesn't.
Brian