Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events

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

By Dominic Lawson

08 August 2018

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.

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