The Joint Administrators of LB Holdings Intermediate 2 Ltd v The Joint Administrators of Lehman Brothers International (Europe) and others; The Joint Administrators of Lehman Brothers Ltd v Lehman Brothers International (Europe) (in administration) and ot

Source:	All England Reporter
Publisher Citation:	[2017] All ER (D) 102 (May)
Neutral Citation:	[2017] UKSC 38
Court:	Supreme Court
Judge:	Lord Neuberger P, Lord Kerr, Lord Clarke, Lord Sumption and Lord Reed SCJJ
Representation	Robert Miles QC, Louise Hutton and Rosanna Foskett (instructed by Dentons UKMEA LLP) for the joint administrators of LBHI2.
	David Wolfson QC, Nehali Shah and Ruth deh Besten (instructed by DLA Piper UK LLP) for the joint administrators of LBL.
	Barry Isaacs QC (instructed by Weil, Gotshal and Manges (London) LLP) for LBHI.
	William Trower QC, Daniel Bayfield QC and Stephen Robins (instructed by Linklaters LLP) for certain respondents.
	Robin Dicker QC, Richard Fisher and Charlotte Cooke (instructed by Freshfields Bruckhaus Deringer LLP) for a respondent.
Judgment Dates:	17 May 2017

Catchwords

Insolvency issues decided arising out of collapse of Lehman Brothers group of companies

The Case

Insolvency issues decided arising out of collapse of Lehman Brothers group of companies . The Supreme Court decided a number of points of insolvency law, which arose out of the collapse of the Lehman Brothers group of companies in 2008, including that, both statutory interest and non-provable liabilities ranked over subordinated debt in the distribution priorities of an insolvency.

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