Update – Waterfall II Application (the “Application”) – Second Tranche Hearing – Daily Transcripts – 18 May 2015

The hearing of the second tranche of issues in the Application commenced on 15 May 2015 with one reading day for the Judge. The parties’ oral submissions commenced on 18 May 2015.

The parties have engaged a transcriber to produce daily transcripts of the hearing. The transcript produced today can be found below. Moving forward, the LBIE administrators intend to post each daily transcript on the LBIE website the following business day. Please note that:

• all transcripts are published in the form received from the transcriber (i.e. prior to review by any party to the Application and without corrections);
• the parties reserve the right to post amended versions of the transcripts should they consider it necessary, but accept no responsibility for doing so; and
• the LBIE administrators are posting such transcripts solely for the convenience of interested third parties and neither they nor any other party to the Application makes any representation as to the accuracy of such transcripts nor accepts any responsibility for any inaccuracies contained within them.

Daily Transcripts

• Daily transcript - Monday 18 May 2015
• Daily transcript - Tuesday 19 May 2015
• Daily transcript - Wednesday 20 May 2015
• Daily transcript - Thursday 21 May 2015

Should you have any queries regarding this update, please contact LBIE’s Communications and Counterparty Management team at generalqueries@lbia-eu.com.