Treat Insolvency Rules as ‘a complete code’ for payment of statutory interest, rules Court of Appeal –

‘The Court of Appeal has determined the extent of creditors’ entitlements to statutory interest on their debts and the correct approach for calculating their entitlement. It has ruled on the entitlement of representative creditors of Lehman Brothers International (Europe) (LBIE) to the surplus funds and on the calculation of the statutory interest due to them.’

Full Story, 10th November 2017