Set-off of secured debts: relevance of the Lehman Waterfall Case

Set-off of secured debts: relevance of the Lehman Waterfall Case

In the April edition of the Butterworths Journal of International Banking and Financial Law, Benedict James and Elli Karaindrou of Linklaters provide an overview of the law relating to set-off of secured debts and argue that the Lehman Waterfall Case has not affected the legal position that the mandatory nature of insolvency set-off does not operate to deprive a secured creditor of its ability to rely on its security.

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About the author:

Neeta started her legal career at Allen & Overy in 2008 in the midst of the global financial crisis and the collapse of Lehmans where she gained most of her paralegal experience.

Neeta also did a short stint in litigation at the Revenue and Customs Prosecutions Office in 2006. Neeta graduated with a 2:1 honours degree from University of London, Queen Mary College and went on to obtain a distinction from the College of Law in the Legal Practice. She has been working at Lexis Nexis since April 2013.