Skip to main content
Article thumbnail
Location of Repository

Security financial collateral transfers and prime broker insolvency

By Michael G. Bridge

Abstract

This article deals with the consequences of a prime broker's insolvency in the case of a security financial collateral arrangement. In Re Lehman Brothers International (Europe), Briggs J had to deal with the proprietary rights of a custody client in respect of securities initially transferred to a prime broker and securities substituted for those original securities by the prime broker. In addition, issues arose as to the prime broker's beneficial ownership of cash generated by securities after the prime broker went into administration and as to whether a duty on the part of administrators to account to the custody client for that cash was an expense of the administration

Topics: K Law (General)
Publisher: Hart Publishing Ltd.
Year: 2010
OAI identifier: oai:eprints.lse.ac.uk:27831
Provided by: LSE Research Online
Download PDF:
Sorry, we are unable to provide the full text but you may find it at the following location(s):
  • http://www.hartjournals.co.uk/... (external link)
  • http://eprints.lse.ac.uk/27831... (external link)
  • Suggested articles


    To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.