In the latest twist to a long running saga, Newham Council has reached an out of court settlement with Barclays Bank to end litigation relating to a dispute regarding Lender Option Borrower Option (...
Liverpool City Council has completed the refinancing of £65m of ‘lender option borrower option’ (LOBO) loans with borrowing from the Public Works Loan Board.
London Borough of Newham has been granted permission to appeal a High Court decision which rejected its claim against Barclays Bank over historic Lender Option Borrower Option loans.
A High Court judge has thrown-out a legal challenge tabled by eight local authorities against lender Barclays Bank over historic Lender Option Borrower Option loans.
Lancashire County Council has delayed signing off its accounts for the last financial year after auditors raised concerns over the treatment of a £50m LOBO loan.
