*Lehman Brothers Special Financing Inc. v National Power Corporation and another

Contract – Construction. The Financial List construed the close-out provisions in the 2002 version of the International Swaps and Derivatives Association (ISDA) Master Agreement in the course of proceedings brought by Lehman Brothers Special Financing Inc (LBSF) concerning the calculation of the close-out amount due following the collapse of Lehman Brothers, and in circumstances where LBSF and the first defendant company had entered into a currency swap under the terms of the 2002 ISDA Master Agreement.

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