 | No jurisdiction for Lehman scheme dealing with client assets
The Court of Appeal has unanimously upheld the decision of Mr Justice Blackburne dated 21 August 2009, holding that the Court did not have jurisdiction to sanction a scheme of arrangement ("Scheme") proposed by the administrators of Lehman Brothers International (Europe) ("LBIE") with respect to client (trust) assets held by LBIE. Read >>
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 | Lehman Brothers International (Europe) (in administration) - joint administrators release progress report
The joint administrators of Lehman Brothers International (Europe) (“LBIE”) have released their second statutory six month progress report for the period 15 March 2008 to 14 September 2009 (the “Report”). Read >>
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| Valuation in a multi-tiered debt structure
In a recent case, the High Court concluded that it was right to sanction schemes of arrangement which formed part of a wider debt restructuring that excluded out-of-the-money junior creditors. In doing so, it valued the distressed companies on a going concern basis. Read >>
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| Mayer Brown advises Premium Bars and Restaurants plc on its administration
5 August 2009 - Leading international law firm Mayer Brown has had a lead role on the administration of Premium Bars and Restaurants plc. Read >>
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| Lehman Brothers International (Europe) (in administration) - update on proposed scheme of arrangement concerning client asset claims
The joint administrators of Lehman Brothers International (Europe) (“LBIE”) have announced that on 26 June 2009, a letter was sent to various clients who, according to LBIE’s records, appear to have a claim to LBIE client assets. Read >>
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| Bar date set for claims against Lehman Brothers Holdings Inc.
A bar date of 22 September 2009 has been set for claims against Lehman Brothers Holdings Inc and certain of its affiliates (“LBHI”). All creditors of LBHI must file a claim in the prescribed form by that date or their claims will be extinguished. Since LBHI provided guarantees in respect of liabilities of a number of Lehman Brothers entities, including Lehman Brothers International (Europe) (“LBIE”), anyone with a claim against any Lehman Brothers entity should consider whether to make a claim against LBHI before the bar date. Read >>
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| Charterparties, conscionability and comity: the English courts can protect the assets of a company in administration from foreign attachments and executions
Harms Offshore AHT "Taurus" GmbH & Co KG & another v Bloom, Dempster, Burton and Bailey as Joint Administrators of Oilexco North Sea Limited & another Read >>
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| Creditors approve JJB CVA - 27 April 2009
27 April 2009 - The creditors of sports retailer JJB Sports plc (“JJB”) have approved its proposed company voluntary arrangement (“CVA”). This is the first major use of a CVA by a UK-listed business to avoid administration. Read >>
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| Lehman Brothers International (Europe) (in administration) - joint administrators release progress report Part 1
The joint administrators of Lehman Brothers International (Europe) (“LBIE”) have released a six month progress report for the period 15 September 2008 to 14 March 2009 dated 14 April 2009 (see part 2), pursuant to their statutory reporting duties (the “Report”) . Read >>
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| Lehman Brothers International (Europe) in administration Part 2
Joint Administrators' progress report for the period 15 September 2008 to 14 March 2009 Read >>
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