Derivatives Industry Eyes UK Lehman Appeal Ruling
By Huw Jones
Published December 14 2011 Reuters
Regulators and the world's $700 trillion derivatives industry are closely watching a legal battle that began in Britain on Wednesday and which will fuel a sea change in swaps payouts. Four cases, including one involving a unit of collapsed U.S. bank Lehman Brothers, are being presented in a five-day hearing at the UK Court of Appeal.
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