The phalanxes of lawyers still defending the corpse of Lehman Brothers from all comers look to have won their latest skirmish, this time against the UK's powerful Pensions Regulator, in one of the first signs of serious corporate pushback the watchdog has faced.

The latest tussle took place in the High Court, and saw Outer Temple Chambers' Andrew Spink QC and Richard Hitchcock arguing for Lehman Brothers Holdings International, the non-US part of the collapsed bank, to be given more time to sort out its stranded UK pension fund.