By Angela Dorizas The Federal Court has upheld an appeal by the administrators of Lehman Brothers Australia to block Wingecarribee Shire Council’s access to the company’s insurance documents. The council has been involved in a legal battle with the failed bank since 2007, in an attempt to recoup losses made through investing in collateralised debt […]
26 May, 2009
By Staff Writer Failed investment bank Lehman Brothers Australia will appeal against the Federal Court’s decision to allow a former council client to access the company’s insurance policies. The matter will be heard before three judges in the Federal Court today. Last week the court ruled that Wingiecarribee Shire Council was entitled to access the insurance policies of […]
25 May, 2009
By Angela Dorizas The administrators of Lehman Brothers Australia will be required to hand over details of the bank’s insurance policies, including personal indemnity insurance, to a former council client. Wingecarribee Shire Council in New South Wales has won Federal Court approval to uncover the insurance policies of Lehman’s in its bid to recoup funds lost through […]
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