Practical points for firms following UK Supreme Court's Lehman client money judgment: checklist

In this checklist, Karen Anderson, Partner, and Sarah Thomas, Senior Associate, in Herbert Smith Freehills' Financial Services Regulatory Group, and Patricia Horton, a professional support lawyer in that group, consider the Supreme Court's February 2012 judgment on the administrators' client money application in the matter of Lehman Brothers International (Europe) (LBIE): Re Lehman Brothers International (Europe) (in administration) [2012] UKSC 6. The judgment has a number of implications for firms that hold client money, as well as for firms that hold money with banks and other firms as clients themselves.

For a summary and analysis of the key points of the judgment and its implications, see Article, Lehman client money judgment: Supreme Court upholds Court of Appeal decision.

Herbert Smith Freehills LLP

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