However, in a written judgement published on Wednesday morning, the panel of five Supreme Court judges unanimously agreed to grant LloydsBanking Group's appeal against the Court of Session's ruling.
LloydsBanking Group's focus returns this week to the topic of its future management as the bank takes a series of steps to boost its financial health, including its successful bond exchange.
Its importance has grown in recent years after the banking crisis forced two of the U.K.'s largest financial institutions, LloydsBankingGroup PLC and Royal Bank of Scotland Group PLC, to halt dividend payments after the government bailed them out.