Lehman client money judgment: UK Supreme Court upholds Court of Appeal | Practical Law

Lehman client money judgment: UK Supreme Court upholds Court of Appeal | Practical Law

In this article, Karen Anderson, Partner, and Sarah Thomas, Senior Associate, in Herbert Smith's Financial Services Regulatory Group, and Patricia Horton, a professional support lawyer in that group, consider the Supreme Court's February 2012 judgment on the administrators' client money application in the matter of Lehman Brothers International (Europe) (LBIE): Re Lehman Brothers International (Europe) (in administration) [2012] UKSC 6. The judgment has a number of implications for firms that hold client money, as well as for firms that hold money with banks and other firms as clients themselves.

Lehman client money judgment: UK Supreme Court upholds Court of Appeal

Practical Law UK Articles 6-518-3138 (Approx. 8 pages)

Lehman client money judgment: UK Supreme Court upholds Court of Appeal

by Herbert Smith LLP
Law stated as at 05 Mar 2012 • United Kingdom
In this article, Karen Anderson, Partner, and Sarah Thomas, Senior Associate, in Herbert Smith's Financial Services Regulatory Group, and Patricia Horton, a professional support lawyer in that group, consider the Supreme Court's February 2012 judgment on the administrators' client money application in the matter of Lehman Brothers International (Europe) (LBIE): Re Lehman Brothers International (Europe) (in administration) [2012] UKSC 6. The judgment has a number of implications for firms that hold client money, as well as for firms that hold money with banks and other firms as clients themselves.