The Business Law Reports
[2022] Bus LR 10
Court of Appeal
In re
LB Holdings Intermediate 2 Ltd (in administration)
LB Holdings Intermediate 2 Ltd
v
Lehman Bros Holdings Scottish LP3 and othersIn re
Lehman Bros Holdings plc (in administration)
Lehman Bros Holdings plc
v
Lehman Bros Holdings Inc and others
[2021] EWCA Civ 1523
2021 Oct 4–8; 20
Lewison, Henderson, Asplin LJJ
Insolvency— Administration— Distribution of assets— Surety paying part of guaranteed debt to creditor following debtor’s insolvency and agreeing to give up right to indemnity— Whether amount creditor entitled to prove in debtor’s administration reduced as a result of surety’s part payment
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