*/
Contract – Terms of contract. The Chancery Division ruled on whether a special purpose vehicle company (ARIC) had validly calculated its loss following the automatic early termination of a put option,which had been granted to it by the first defendant, Lehman Brothers Finance SA (LBF). The early termination had been triggered following the collapse of the Lehman's Brother's group. The court held that ARIC had validly calculated its loss in accordance with the relevant provisions of an International Swaps and Derivatives Association master agreement (1992 edition) and that, accordingly, the claimant was entitled to the payment from LBF of US$61,507,902, together with interest.
Contract – Terms of contract. The Chancery Division ruled on whether a special purpose vehicle company (ARIC) had validly calculated its loss following the automatic early termination of a put option,which had been granted to it by the first defendant, Lehman Brothers Finance SA (LBF). The early termination had been triggered following the collapse of the Lehman's Brother's group. The court held that ARIC had validly calculated its loss in accordance with the relevant provisions of an International Swaps and Derivatives Association master agreement (1992 edition) and that, accordingly, the claimant was entitled to the payment from LBF of US$61,507,902, together with interest.
The profession has already tackled many uncertainties and risks
Harriet Challenger explains what you need to know about Phosphatidylethanol (PEth) testing and how to get the most conclusive insight into an individual’s drinking behaviour
How seriously should barristers’ chambers take the threat of cyberattack and how can they best protect themselves? Doug Hargrove offers some expert advice
With a mandate to advance best practice in crypto fraud cases and investigations, and improve recovery outcomes for victims, CFAAR (the Crypto Fraud and Asset Recovery network) founders Nick Price and Aidan Larkin discuss plans for the new network
Q&A with Carmel King of Grant Thornton UK LLP’s Insolvency and Asset Recovery practice
AlphaBiolabs is extending its support to vulnerable families once again this Christmas
As we face 2022, the profession feels restless, the job feels relentless but we are in good hands: our new yet seasoned leader talks to Joanna Hardy-Susskind about his concerns and ambitions for the Bar, and how we protect this truly precious, national asset
A barrister-authors cultural life and times includes an obsession with all things medieval and what it means to be British
May the odds be ever in your favour, writes Emma Fielding... A follow-up to Ishan Kolhatkars article (and the Twitter debate it sparked) on how to solve the problem of pupillage supply and demand
2021 has been another challenging year for the Young Bar, writes Joanne Kane
The 2021 survey of barristers working lives explores the lived experience of working as a barrister and you want change! By David Wurtzel
