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International Corporate Rescue

Journal Issues

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  •         Issue 1
  •         Issue 2
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  • Vol 17 (2020)
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Vol 16 (2019) - Issue 3

Article preview

Burlington Loan Management and others v Lomas and others (as the joint administrators of Lehman Brothers International (Europe) (in administration)) [2017] EWCA Civ 1462

Madeleine Jones, Barrister, South Square, London, UK

Synopsis

The Court of Appeal has clarified a number of issues relating to the calculation of statutory interest under r. 2.88(7) of the Insolvency Rules 1986.

Introduction

On 24 October 2017, the Court of Appeal (Gloster LJ, Patten LJ and Lord Briggs JSC), handed down judgment in the appeal one tranche of the so-called Waterfall litigation, dealing with the proper distribution of funds in the solvent administration of Lehman Brothers International (Europe) ('LBIE').

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International Corporate Rescue

"International Corporate Rescue is the ultimate legal and commercial guide through the maze of complex cross border insolvency and restructuring issues."

William Q Derrough, Managing Director and Co-head of Recapitalization & Restructuring Group, Moelis & Company, New York

 

 

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