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Email Yesterday, the High Court gave its judgment in the case of Lomas and others v JFB Firth Rixson, Inc and others upon application by the Joint Administrators of Lehman Brothers International Europe (“LBIE”) for directions as to the construction and effect of five interest rate swap agreements (“Swaps”) to which LBIE is a party. https://www.cadwalader.com/resources/clients-friends-memos/high-court-interprets-section-2aiii-of-the-isda-master-agreement