Update – Waterfall II Application (the “Application”) – Third Tranche Hearing - Publication of Foreign Law Expert Reports - 13 August 2015

Further to the order of Mr Justice David Richards following the case management conference held on 9 March 2015 (the “Order”), and in respect of Tranche C of the Application, Wentworth and the Senior Creditor Group have to date filed the following reports of experts in New York, German and French law in response to the questions set out in Schedules B, C and D, respectively, of the Order (available here).

New York law

• for Wentworth, the Expert Opinion of the Hon. Robert S. Smith, dated 26 June 2015;
• for the Senior Creditor Group, the Expert Opinion of Professor Neil B. Cohen, dated 24 July 2015;
• for Wentworth, the Hon. Robert S. Smith’s reply to the Expert Opinion of Professor Neil B. Cohen, dated 14 August 2015.

German law

• for the Senior Creditor Group, the Expert Opinion of Professor Peter O. Mülbert, dated 10 July 2015;
• for Wentworth, the Expert Opinion of Dr Gero Fischer, dated 10 July 2015, the English translation starts on page 35;
• for the Senior Creditor Group, Professor Peter O. Mülbert’s reply to the Expert Opinion of Gero Fischer, dated 31 July 2015;
• for Wentworth, Dr Gero Fischer’s reply to the Expert Opinion of Professor Peter O. Mülbert, dated 31 July 2015, the English translation starts on page 15.

French law

• for the Senior Creditor Group, the Expert Opinion of Professor Hervé Synvet, dated 10 July 2015;
• for Wentworth, the Expert Opinion of Professor Thierry Bonneau, dated 10 July 2015, the English translation starts on page 40;
• for the Senior Creditor Group, Professor Hervé Synvet’s reply to the Expert Opinion of Professor Thierry Bonneau, dated 31 July 2015;
• for Wentworth, Professor Thierry Bonneau’s reply to the Expert Opinion of Professor Hervé Synvet’s, dated 31 July 2015, the English translation starts on page 11.

The Joint Administrators propose to make available on this website any further foreign law expert reports filed by the Senior Creditor Group, Wentworth or the Joint Administrators in due course.

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