Supreme Court decision in the Hungarian Lehman litigation

Péter Gárdos's article about the Supreme Court's decision in the Lehman litigation. The defendant was the exclusive Hungarian distributor of structured notes issued by Lehman Brothers Treasury Co BV and guaranteed by Lehman Brothers Holding Inc. The claimant and the defendant concluded a commission agreement, on which basis the defendant acquired and transferred the notes to the claimant. After the issuers and the guarantor became insolvent, the client initiated a lawsuit against the defendant on various grounds, seeking full restitution (ie, repayment of the notes' face value and the fee paid to the defendant, plus interest). The Supreme Court dismissed the claim. The defendant' legal counsel was Gárdos Füredi Mosonyi Tomori. 

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