The Court considered: ‘the meaning and effect of early close-out provisions in two cash settled put options granted by Lehman Brothers Finance S.A. with a guarantee from its ultimate parent company Lehman Brothers Holdings Inc., both of which incorporated, with similar (but not quite identical) additions and amendments, the 1992 ISDA Master Agreement.’
Judges:
Briggs J
Citations:
[2011] EWHC 1822 (Ch), [2011] 2 Lloyd’s Rep 538
Links:
Jurisdiction:
England and Wales
Contract
Updated: 04 October 2022; Ref: scu.441878