Supreme Court rules on Lehman administration appeal

The Supreme Court has delivered its ruling on issues arising in the administrations of the Lehman Brothers group. The court has disagreed with some of the earlier rulings in the case, including on the issues of foreign currency creditors’ rights and statutory interest.

The judgment covers many issues which are factually specific to the case, however, its analysis in relation to the payment of interest and the treatment of foreign currency creditors is of general significance for insolvency practitioners.

For further information see the press summary at https://www.supremecourt.uk/cases/docs/uksc-2015-0137-press-summary.pdf or read the full judgment at https://www.supremecourt.uk/decided-cases/index.html.

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