Legal News

Calculating statutory interest following administration (Burlington Loan Management Ltd and others v Lomas and others)

Published on: 25 October 2017
Published by: LexisPSL
  • Calculating statutory interest following administration (Burlington Loan Management Ltd and others v Lomas and others)
  • Original news
  • What was the background to the case and what were the issues arising within it that are pertinent to insolvency professionals?
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  • What were the main legal arguments raised?
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Article summary

Restructuring & Insolvency analysis: The Court of Appeal’s approach in Burlington v Lomas (part of the Lehman Waterfall litigation) to the entitlement to surplus and calculating the statutory interest due to creditors on the debts of a company in administration is examined by Robert Amey, of South Square. or take a trial to read the full analysis.

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