Key point
The UK Government has published its response to their July 2013 consultation on restoring transparency and trust in the UK corporate governance regime. There are a number of proposals to widen the scope of the director disqualification regime and make recovery of losses by creditors from responsible directors easier.
The response
United Kingdom, Company & Commercial, Insolvency & Restructuring, Taylor Wessing, Corporate governance
Key Point
The High Court decided how the expected surplus assets of Lehman Brothers International Europe (LBIE) should be distributed between a number of creditors whose claims include subordinated loans, statutory interest and foreign currency conversion losses.
The Facts
European Union, Insolvency & Restructuring, Litigation, Taylor Wessing, Shareholder, Lehman Brothers