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02 December 2016
Issue: 7725 / Categories: Case law , Law digest , In Court
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Contract

Lehman Brothers International (Europe) (an unlimited company incorporated under the law of England and Wales) (in administration) v Exxonmobil Financial Services BV [2016] EWHC 2699 (Comm), [2016] All ER (D) 138 (Nov)

The case concerned an outstanding sale and repurchase (“repo”) transaction between Lehman Brothers International (Europe) and ExxonMobil Financial Services BV at the time of the international financial collapse of the Lehman Brothers group. The Queen’s Bench Division made a number of findings as to the construction of the termination provisions in the Global Master Repurchase Agreement (2000 version) as the repo was subject to such provisions.

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MOVERS & SHAKERS

Clarke Willmott—Kevin Joynes & Neil Gosling

Clarke Willmott—Kevin Joynes & Neil Gosling

Clarke Willmott bolsters housebuilder expertise in Birmingham

Carpmaels & Ransford—Kevin Cordina

Carpmaels & Ransford—Kevin Cordina

Firm adds former Simmons Simmons patent head to engineering and tech team

ACTAPS—Sally Goodger

ACTAPS—Sally Goodger

Freeths strengthens its voice in national disputes with ACTAPS committee appointment

NEWS
Pastries may be in the firing line while kebabs escape scrutiny, but the reality is far more nuanced
The Supreme Court’s decision in Dillon highlights a central tension in modern public law: rights may be recognised without being fully realised
A landmark ruling has delivered the first judicial application of the UK’s anti-SLAPP regime and provided fresh guidance on abusive litigation
Non-court dispute resolution is no longer an alternative in family law—it is rapidly becoming the norm
Some employment law controversies never disappear—they merely lie dormant
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