English court rules against collapsed Icelandic bank on repo valuation
The Royal Courts of Justice, London (Credit: iStock.com/Thinglass)
An English appeals court has dismissed a challenge brought by a collapsed Icelandic bank against the valuation of repurchase agreements it defaulted on a decade ago, affirming a UK court’s 2016 interpretation of the relevant master repurchase agreement in Lehman v Exxonmobil.
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