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cottonisking

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cottonisking

Re: cottonisking post# 110360

Friday, 03/15/2024 2:29:00 PM

Friday, March 15, 2024 2:29:00 PM

Post# of 111249
US and UK Basis:

"In a trial last year, the handful of distressed debt investors scored a win as the ECAPS claim was found to rank ahead of Lehman Brothers Holdings Inc. (LBHI), but there was an outstanding question around statutory interest on that claim. Statutory interest is a charge a creditor can levy if they have been paid late, and in the UK it is accrued at 8% each year."



https://www.bloomberg.com/news/articles/2023-11-29/deutsche-bank-scores-big-win-on-lehman-brothers-ecaps-debts
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