Supreme Court of the United Kingdom

UK Supreme Court Confirms the Validity of the ‘Flip’ Clause

In its ruling on July 27 in the matter of Belmont Park Investments PTY Ltd v BNY Corporate Trustee Services Lte & Anor [2011] UKSC 38 the Supreme Court of the United Kingdom has dismissed the appeal by Lehman Brothers Special Finance Inc. For a complete summary of the ruling, please click here.