Lehman Creditors Urge Top UK Court To Overturn Tax Bill

Law360, London (February 12, 2019, 8:03 PM GMT) -- The administrators of Lehman Brothers' European trading arm took their fight over a potential tax bill running to the billions to the U.K.'s highest court Tuesday, clashing with HM Revenue and Customs over whether its liability for statutory interest should be considered short- or long-term.

The administrators of Lehman Brothers' European trading arm said the U.K. Court of Appeal was wrong when it ruled they must pay tax on £5 billion ($6.7 billion) of statutory interest. (AP)

The joint administrators for Lehman Brothers International (Europe) Ltd. sought to convince the U.K.'s Supreme Court that the Court of Appeal was wrong when...