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United Kingdom client moneytrustsdistribution

Re Lehman Brothers International (Europe) (in administration)

[2012] UKSC 6
JurisdictionUnited Kingdom
CourtUnited Kingdom Supreme Court
Year2012
StatusBinding authority

Key Principle

Client money held in a general pool under CASS rules is distributed pro rata among clients based on their entitlement at the date of the primary pooling event (the date of insolvency).

Area of Law

insolvency

Related Cases

Re Virgin Active Holdings Ltd [2021] EWHC 1246 (Ch)
The Joint Administrators of LB Holdings Intermediate 2 Limited v The Joint Administrators of Lehman Brothers International (Europe) and others (Waterfall I) [2017] UKSC 38
Fairfield Sentry Ltd v Migani [2014] UKPC 9

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