Court of Appeal decides LBIE client money application

On August 2, the English Court of Appeal handed down its judgment on the client money directions application made in the Administration of Lehman Brothers International (Europe) (LBIE). The Court of Appeal overturned Mr. Justice Briggs’ High Court decision in part, holding unanimously that:

Filed under:
United Kingdom, Insolvency & Restructuring, Litigation, Katten Muchin Rosenman LLP, Share (finance), Security (finance), Pro rata, Lehman Brothers, Court of Appeal of England & Wales, High Court of Justice
Authors:
Martin Cornish
Location:
United Kingdom
Firm:
Katten Muchin Rosenman LLP