Contract

02 December 2016

Issue: 7725 / Categories: Case law , Law digest , In Court

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.

If you are not a subscriber, subscribe now to read this content

If you are already a subscriber sign in

...or Register for two weeks' free access to subscriber content

Contract

If you are not a subscriber, subscribe now to read this content

If you are already a subscriber sign in

...or Register for two weeks' free access to subscriber content

SourceURL:

Links:

E-newsletter Sign-Up

MOVERS & SHAKERS

Read All

Gilson Gray—Paul Madden

Partner appointed to head international insolvency and dispute resolution for England

Brachers—Gill Turner Tucker

Kent firm expands regional footprint through strategic acquisition

Quinn Emanuel Urquhart & Sullivan—William Charles

Financial disputes and investigations specialist joins as partner in London

NEWS

Read All

Client account interest money-maker provokes concerns

Ministers’ proposals to raise funds by seizing interest on lawyers’ client account schemes could ‘cause firms to close’, solicitors have warned

NLJ this week: The pension split at 25

Pension sharing orders (PSOs) have quietly reached their 25th anniversary, yet remain stubbornly underused. Writing in NLJ this week, Joanna Newton of Stowe Family Law argues that this neglect risks long-term financial harm, particularly for women

NLJ this week: Exclusion zone?

A school ski trip, a confiscated phone and an unauthorised hotel-room entry culminated in a pupil’s permanent exclusion. In this week's issue of NLJ, Nicholas Dobson charts how the Court of Appeal upheld the decision despite acknowledged procedural flaws

NLJ this week: When silence speaks volumes

Is a suspect’s state of mind a ‘fact’ capable of triggering adverse inferences? Writing in NLJ this week, Andrew Smith of Corker Binning examines how R v Leslie reshapes the debate

Public Accounts Committee warn of ‘extinction’ risk for legal aid

The Ministry of Justice (MoJ) has not done enough to protect the future sustainability of the legal aid market, MPs have warned

Error message

Contract

MOVERS & SHAKERS

Gilson Gray—Paul Madden

Brachers—Gill Turner Tucker

Quinn Emanuel Urquhart & Sullivan—William Charles