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Lawrence Graham

Dispute Resolution-2011

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Rankings at a glance
Award levelHighly Commended
InnovationDispute with Lehman Brothers to uphold collateralised debt obligations / swap priorities
Originality6
Rationale6
Impact6
Total18
DescriptionRepresented a group of noteholders who argued that the clauses triggered by Lehman’s bankruptcy to flip payment priorities should be upheld. A Supreme Court ruling in their favour sets up a conflict between UK and US insolvency regimes.