Update – Waterfall II Application (the “Application”) – Third Case Management Conference – Transcript – 10 March 2015

Pursuant to the Order of Mr Justice David Richards dated 21 November 2014, a further case management conference (the “CMC”) was held in respect of the Application on 9 March 2015. The purpose of the CMC was to deal with issues concerning the procedural management of the Application going forward. In addition, certain issues arising from the hearing of the first tranche of issues in the Application were addressed at the CMC.

The parties engaged a transcriber to produce a transcript of the CMC. The CMC transcript can be found below. Please note that:

• the transcript is 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 an amended version of the transcript should they consider it necessary, but accept no responsibility for doing so; and
• the LBIE administrators are posting such transcript 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 transcript nor accepts any responsibility for any inaccuracies contained within it.

CMC Transcript - Monday 9 March 2015

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