Surviving insolvency – UK Lehman decision on ISDA bankruptcy events of default
17 October 2022
Lehman's insolvency will shortly cease to be "continuing" for the purposes of the ISDA Master Agreement. This may mean that payments owed to Lehman but suspended under section 2(a)(iii) of the Master Agreement will again become due for payment, more than fourteen years after Lehman's collapse.
Clifford Chance
