Analysis
Ownership of client funds, trust law, insolvency law, client money, segregation of client money
Judgment Lady Justice Arden: 1. This appeal addresses important issues concerning the ownership of client funds held by Lehman Brothers International (Europe) (“LBIE”) at the date of its entry into administration. Those funds were subject to a statutory trust imposed by Chapter 7 of the Client Asset Sourcebook, known as “CASS7”, made under section 139 …Continue reading "CRC Credit Fund & ors v GLG Investments & ors WTLR(w) 2010-07"
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