Update - Waterfall II Application (the "Application") - Tranche C Judgment - 6 October 2016

On 5 October 2016 Mr Justice Hildyard handed down his judgment in Tranche C of the Waterfall II Application, following the hearing between 9 and 25 November 2015. A copy of the judgment is available here. The judgment also includes Supplemental Issue 1(a) in relation to Tranche A of the Application.

A short summary of the Judge's decisions is available here.

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

The Joint Administrators will host a webinar on 27 October 2016, giving creditors an opportunity to hear a summary of the current circumstances of the Administration, including an update in relation to this judgment.