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Lehman can enforce email agreement by Korean lender, finds Second Circuit

By Dominic Lawson

08 August 2018

Lehman can enforce email agreement by Korean lender, finds Second Circuit iStock.com/juststock

A New York appeals court has ruled that an email from South Korean lender Shinhan Bank to the Chapter 11 administrator for Lehman Brothers constitutes an enforceable contract, binding it to a settlement on clawback proceedings.