08/19/16
On 5 October 2016 Mr Justice Hildyard handed down his judgment in Tranche C of the Waterfall II Application, following the hearing between 9 and 25 November 2015. A copy of the judgment is available here. The judgment also includes Supplemental Issue 1(a) in relation to Tranche A of the Application.
A short summary of the Judge's decisions is available here.
Should you have any queries regarding this update, please contact LBIE’s Communications and Counterparty Management team at generalqueries@lbia-eu.com.
The Joint Administrators will host a webinar on 27 October 2016, giving creditors an opportunity to hear a summary of the current circumstances of the Administration, including an update in relation to this judgment.
Restructuring and Insolvency Partner, UK Head of Insolvency, PwC United Kingdom
Tel: +44 (0)7974 332659