Latest Lehman costs decision departs – in part – from the norm

Latest Lehman costs decision departs – in part – from the norm

In the latest costs decision arising out of the UK Lehman administration, the English High Court has departed from its usual stance of costs being borne by the estate, ruling that a portion of the Waterfall IIC case resembled an adversarial commercial litigation more than a matter of general concern in aid of the administrators.

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