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Trinity Term [2011] UKSC 38 On appeal from: [2009] EWCA Civ 1160 JUDGMENT Belmont Park Investments PTY Limited (Respondent) v BNY Corporate Trustee Services Limited and Lehman Brothers Special Financing Inc (Appellant) before Lord Phillips, President Lord Hope, Deputy President Lord Walker Lady Hale Lord Mance Lord Collins Lord Clarke JUDGMENT GIVEN ON 27 July 2011 Heard on 1, 2 and 3 March 2011 Appellant 1st to 29th Respondents Richard Snowden QC Richard Salter QC James Potts Jonathan Davies-Jones (Instructed by Weil, Gotshal & Manges) (Instructed by Lawrence Graham LLP) (30th Respondent) Intervener (The Commissioners for Her Majesty's Revenue & Customs) Mark Howard QC Gregory Mitchell QC Stephen Midwinter (Instructed by Hogan Lovells International LLP) (Instructed by HMRC Solicitors Office) Intervener (The Football Association Premier League Limited) Gabriel Moss QC Daniel Bayfield (Instructed by McCormicks Solicitors) Page 2 LORD COLLINS I Introduction: the anti-deprivation rule and...