Update – Waterfall II Application (the “Application”) – Application to be Joined by Goldman Sachs International (“GSI”) to the Third Tranche (the “Joinder Application”) – Supplemental Position Paper in relation to the Third Tranche Hearing on 23 June 2015 - 26 June 2015
On 23 June 2015, Mr Justice David Richards heard the GSI Joinder Application.
The following materials were filed by the parties to the GSI Joinder Application for the purposes of the hearing:
- The Joinder Application dated 8 May 2015
- First witness statement of Jonathan Patrick Knox Kelly dated 8 May 2015, together with Exhibit JPKK1
- First witness statement of Johannes Weber dated 19 June 2015, together with Exhibit JW1
- Skeleton argument of GSI dated 18 June 2015
- Skeleton argument of the Senior Creditor Group dated 19 June 2015
- Skeleton argument of Wentworth dated 19 June 2015
- Skeleton argument of the Joint Administrators dated 19 June 2015
- Second witness statement of Jonathan Kelly dated 22 June 2015
A transcript of the hearing can be found here.
The Court granted the GSI Joinder Application in accordance with the terms of the Order.
On 19 June 2015, the Senior Creditor Group filed and served a revised position paper in response to that filed by Wentworth (a copy of which was posted on the website here ) on Issues 11 to 13:
Should you have any queries regarding this update, please contact LBIE’s Communications and Counterparty Management team at generalqueries@lbia-eu.com.
Contact us
Restructuring and Insolvency Partner, UK Head of Insolvency, PwC United Kingdom
Tel: +44 (0)7974 332659
