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US Bankruptcy Court flips English decision on flip clauses in Lehman Brothers case

  • Clayton Utz
  • -
  • Australia, USA
  • -
  • February 5 2010

On 25 January 2010, the United States Bankruptcy Court handed down its much-anticipated decision in relation to an action brought in that court by two Lehman Brothers entities (the Lehman entities) against BNY Corporate Trustee Services Limited (BNY) (the US Decision