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Legal Update

Anti-deprivation: a question of substance not form

29 July 2011
Mayer Brown Legal Update
In the much anticipated decision of Belmont Park Investments PTY Limited v BNY Corporate Trustee Services Limited and Lehman Brothers Special Financing Inc [2011] UKSC 38 the Supreme Court has unanimously dismissed the appeal of Lehman Brothers Special Financing Inc (“LBSF”) and in so doing provided clarification as to the scope and application of the anti-deprivation rule (the “Rule”).


  • Devi Shah
    T +44 20 3130 3669
  • Alexandra Wood
    T +44 20 3130 3717
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