Lehman Brothers Situation - general comments re tax situations

The Loan Market Association and Clifford Chance have produced a useful paper on Lehman Brothers tax situations. It provides general commentary on withholding tax matters in connection with payments to Lehman.

This adds to their commentary on dealing with Lehman Brothers UK companies that are in administration and governed by UK law, which provides general guidance as to how the LMA standard syndicated loan terms cater for a lender or agent in administration.