As you are aware, on 5 November 2015 the Joint Administrators notified creditors that on 4 November 2015, the Supreme Court ordered that permission to appeal and permission to cross-appeal be granted in relation to the Waterfall I Application. A copy of the update can be found here.
The Supreme Court appeal of Waterfall I has now been listed for the week commencing 17 October 2016. It is currently scheduled to commence on the Monday with a time estimate of four days.
Should you have any queries regarding this update, please contact LBIE’s Communications and Counterparty Management team at generalqueries@lbia-eu.com.
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Lehman Brothers filed for bankruptcy in the US courts on 15 September 2008. PwC were appointed as administrators, on the largest insolvency in history.
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