United Kingdom waterfall and prioritiessubordinated debtstatutory interest and non provable debts

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

JurisdictionUnited Kingdom

CourtSupreme Court of the United Kingdom

Year2017

StatusBinding authority

Key Principle

client money rules; trust; Client Assets Sourcebook; whether trust arises on receipt or on segregation

Area of Law

insolvency

Related Cases

Re Virgin Active Holdings Ltd [2021] EWHC 1246 (Ch)

Fairfield Sentry Ltd v Migani [2014] UKPC 9

Singularis Holdings Ltd v PricewaterhouseCoopers [2014] UKPC 36

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