Discussion over whether the collapsed Kaupthing Bank should go into liquidation are continuing at Douglas courthouse this lunchtime.
Lawyers are arguing the case for a winding up order to be granted, but there are also calls for a further adjournment to allow the Treasury's Scheme of Arrangement to be implemented.
The benefits of both proposals have been outlined to a packed courtroom number one.
Deputy Deemster Andrew Corlett is continuing to hear legal submissions.
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