Another Lehman CDO Dispute Surfaces
The U.K. High Court is set to decide Tuesday on another case involving disputed payment rights relating to a Lehman Brothers Holdings Inc. collateralized debt obligation. At issue is whether a so-called flip clause—allowing noteholders first rights to repayments over a defaulted counterparty—is enforceable in the U.K.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: