Flip Flop On Flip Clauses Continues
Lehman Brothers Special Financing Inc.'s pending appeal against the judgments of the U.K. High Court and the Court of Appeal in the so-called "flip clause cases," concerning the enforceability of flip clauses, is scheduled to be begin with Belmont Park Investments Pty Limited (Belmont Park Investments Pty Limited v BNY Corporate Trustee Services Limited and Lehman Brothers Special Financing Inc (UKSC 2009/0222)) on March 1, 2011.
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