08 April 2016
Lehman Brothers Luxembourg Investments SARL v Lehman Brothers UK Holdings Ltd (in administration) [2016] EWHC 617 (Ch), [2016] All ER (D) 183 (Mar)
The Chancery Division made a ruling with regard to the solvency of the defendant company, Lehman Brothers UK Holdings Ltd, which was in administration. The court held that the solvency condition in the standard terms of three loan agreements would be satisfied in the case of the defendant. As a result, the claimant company was entitled to the relief that it claimed as a creditor of the defendant.
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