The Supreme Court of England and Wales recently ruled on issues concerning client monies held by Lehman Brothers International (Europe), LBIE, the investment bank in London which went into administration in September 2008. At issue in this case was whether Lehman’s former clients who allege that the bank should have segregated their monies have a rightful claim to a share of the pool of client monies.
In this teleconference, our speakers will:
- Analyse the key points coming out of the court’s ruling
- Address implications for LBIE counterparties and general lessons learned
- Suggest practical steps to take in the future to protect your assets held in the UK, US and elsewhere
Please join Devi Shah, co-head of Mayer Brown’s Restructuring, Bankruptcy and Insolvency group in London and Jerome Roche, partner in the Financial Services Regulatory Enforcement group in Washington, DC, as they discuss this important case and focus on the wide ranging implications of the Supreme Court of England and Wales’ decision.
Mayer Brown's Global Financial Markets Initiative helps clients deal with the legal and business challenges resulting from the ongoing turbulence in worldwide financial markets. By mobilizing the firm's global resources from multiple practices and offices, the Initiative provides clients with knowledgeable and timely counsel on a broad spectrum of their legal needs.