Lehman Brothers' Priority Provisions Upheld
Mondaq Business Briefing › Hong Kong Law Articles in English (2009)
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Lehman Brothers' Priority Provisions Upheld
Perpetual Trustee Company Limited v. BNY Corporate Trustee
Services Limited and Lehman Brothers Special Financing Inc. [2009]EWHC 1912 (Ch)The High Court of England and Wales recently upheld the prioritygiven to investors over the rights of Lehman Brothers as a swapcounterparty in a credit-linked note structure. This means that, asa matter ...See the full content of this document
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