Re Lehman Brothers Intl (Europe) [2010] EWCA Civ 917

WTLR Issue: October 2012 #123

In the matter of: Lehman Brothers International (Europe) (in administration)

Analysis

Lehman Brothers International (Europe) (LBIE), an English unlimited company, was the principal European trading company in the Lehman Brothers group. LBIE entered administration on 15 September 2008. The administrators made several applications to the court for directions.

Counsel details

Counsel Antony Zacaroli QC, David Allison and Adam Al-Attar (3-4 South Square, Gray’s Inn, London WC1R 5HP, tel 020 7696 9900, e-mail practicemanagers@southsquare.com) instructed by Allen & Overy LLP (One Bishops Square, London E1 6AD, tel 020 3088 0000, e-mail information@allenovery.com) for the appellant.

Robert Miles QC and Richard Hill (4 Stone Buildings, Lincoln’s Inn, London WC2A 3XT, tel 020 7242 5524, e-mail clerks@4stonebuildings.com) instructed by Simmons & Simmons LLP (Citypoint, One Ropemaker Street, London EC2Y 9SS, tel 020 7628 2020, e-mail enquiries@simmons-simmons.com) for the respondent, CRC Credit Fund Ltd.

Jonathan Crow QC (4 Stone Buildings, Lincoln’s Inn, London WC2A 3XT, tel 020 7242 5524, e-mail clerks@4stonebuildings.com), Jonathan Russen QC (7 Stone Building, Lincoln’s Inn, London WC2A 3SZ, tel 020 7406 1200, e-mail clerks@maitlandchambers.com) and Richard Brent (3 Verulam Buildings, Gray’s Inn, London WC1R 5NT, tel 020 7831 8441, e-mail chambers@3vb.com) instructed by Field Fisher Waterhouse LLP (35 Vine Street, London EC3N 2PX, tel 020 7861 4000, e-mail info@ffw.com) for the respondent, Lehman Brothers Finance AG.

Jonathan Crow QC (4 Stone Buildings, Lincoln’s Inn, London WC2A 3XT, tel 020 7242 5524, e-mail clerks@4stonebuildings.com), Jonathan Russen QC (7 Stone Building, Lincoln’s Inn, London WC2A 3SZ, tel 020 7406 1200, e-mail clerks@maitlandchambers. com) and Richard Brent (3 Verulam Buildings, Gray’s Inn, London WC1R 5NT, tel 020 7831 8441, e-mail chambers@3vb.com) instructed by Norton Rose LLP (3 More London Riverside, London SE1 2AQ, tel 020 7283 6000, e-mail london@nortonrose.com) for the respondent, Lehman Brothers Inc.

Iain Milligan QC (20 Essex Street, London WC2R 3AL, tel 020 7842 1200, e-mail clerks@20essexst.com), Rebecca Stubbs (7 Stone Building, Lincoln’s Inn, London WC2A 3SZ, tel 020 7406 1200, e-mail clerks@maitlandchambers. com) and Richard Fisher (3-4 South Square, Gray’s Inn, London WC1R 5HP, tel 020 7696 9900, e-mail practicemanagers@southsquare.com) instructed by Linklaters LLP (One Silk Street, london EC2Y 8HQ, tel 020 7456 2000, e-mail enquiries@linklaters.com) for the respondent, administrators. David Mabb QC and Stephen Horan (Erskine Chambers, 33 Chancery Lane, London WC2A 1EN, tel 020 7242 5532, e-mail clerks@erskinechambers.com) instructed by the Financial Services Authority as intervener (by written submissions).

Cases referenced

Cases in bold have further reading - click to view.

Legislation referenced

Legislation in bold has further reading - click to view.

  • Bankruptcy (Scotland) Act 1985, s31(1)
  • Financial Services Act 1986, s55(5)
  • Financial Services and Markets Act 2000, ss138, 139, 155, 157
  • Trustee Investments Act 1961, s17(5)
  • Trusts (Scotland) Act 1961