Lehman Brothers Financial SA (LEHNQ)

[cottonisking]

July 2020 "This Judgment obviously deals with the arguments that were presented by the parties, but I do not regard myself
as constrained by those arguments. Most of the issues before me involved question of construction of documents,
and I regard it as my duty to ascertain the correct construction of those documents, even if that construction was
not one that was contended for by the parties." verification in progress Pass 33 Status Code: P


Note: All the CTs need is a quick look at the construction of their guarantee by The Chancellor of the High Court – The Rt. Hon. Sir Geoffrey Vos. Doing so can change the ranking of creditors again in July 2020, so we wait for a news release.

Say it again:

"I regard it as my duty to ascertain the correct construction of those documents"

I can't hear you:

"I regard it as my duty to ascertain the correct construction of those documents"

Sound off:

1, 2, 3, 4...


Solution: Pay the CTs' back interest in pounds or dollars and let the cameras keep rolling!

Status Codes:

P = Pennies
D = Dollars
F = Fraud dollars+


" ver·i·fi·ca·tion
/?ver?f?'kaSH(?)n/

noun
the process of establishing the truth, accuracy, or validity of something."


$$$$$


"Judicial economy refers to efficiency in the operation of the courts and the judicial system. It is the efficient management of litigation so as to minimize duplication of effort. ... For example, a court may consolidate two cases for trial to save the court and parties from having two trials"

$$$$$

"Neutral Citation [2020] EWHC 1681 (Ch)
Claim Nos: CR-2009-000052
CR-2008-000026
IN THE HIGH COURT OF JUSTICE
BUSINESS AND PROPERTY COURTS OF ENGLAND AND WALES
COMPANIES COURT (ChD)
Royal Courts of Justice
Rolls Building
7 Rolls Buildings
Fetter Lane
London EC4A 1NL
Date: 3 July 2020
Before:
THE HONOURABLE MR JUSTICE MARCUS SMITH
- - - - - - - - - - - - - - - - - - - - -
IN THE MATTER OF LB HOLDINGS INTERMEDIATE 2 LIMITED (IN
ADMINISTRATION)
AND IN THE MATTER OF LEHMAN BROTHERS HOLDINGS plc (IN
ADMINISTRATION)
AND IN THE MATTER OF THE INSOLVENCY ACT 1986
Claim No CR-2009-000052
BETWEEN:
THE JOINT ADMINISTRATORS OF LB
HOLDINGS INTERMEDIATE 2 LIMITED
(IN ADMINISTRATION)
Applicants
- and -
(1) LEHMAN BROTHERS HOLDINGS
SCOTTISH LP 3
(2) LEHMAN BROTHERS HOLDINGS plc (IN
ADMINISTRATION)
(3) DEUTSCHE BANK AG (LONDON
BRANCH)
Respondents
IN THE MATTER OF LEHMAN BROTHERS HOLDINGS plc (IN ADMINISTRATION)
AND IN THE MATTER OF LEHMAN BROTHERS HOLDINGS plc (IN
ADMINISTRATION)
.
.
.
10 Certain arguments as to priority were not made. Thus, no-one contended that Claim B had priority over Claim
A. This Judgment obviously deals with the arguments that were presented by the parties, but I do not regard myself
as constrained by those arguments. Most of the issues before me involved question of construction of documents,
and I regard it as my duty to ascertain the correct construction of those documents, even if that construction was
not one that was contended for by the parties. 11 SLP3 and LBHI were represented by the same legal team and their interests are aligned. Although some points
advanced were points that could only be made by SLP3 and some points advanced were points that could only be
made by LBHI, for the sake of simplicity, I shall generally refer to points being made by SLP3 and/or LBHI as
“SLP3/LBHI” points without differentiation between the two."