PricewaterhouseCoopers

Lehman Brothers’ Europe Administrator Has A “Plan B” For Creditors

October 12, 2009 Ainsley Brown Leave a comment

By: Ainsley Brown PricewaterhouseCoopers (PwC), the administrator for the European outfit of Lehman Brothers, has come up with a ‘Plan B’ to give out $17 billion to creditors. This after the High Court in England rejected a plan by PwC in August that would have freed up over $13 billion worth of assets. The court rejected the earlier plan because

Banking, Bankruptcy/Insolvency/Restructuring, Commercial Awareness, debt

Creditors Of Lehman Brothers’ European Division Will Just Have to Wait A Bit Longer To Recovery Their Money

August 24, 2009 Ainsley Brown Leave a comment

By: Ainsley Brown The English High Court has scuttled a plan for quick payouts to creditors by the administrator’s of Lehman Brothers’ European arm. PricewaterhouseCoopers (PwC), the administrator is now carefully studying the judgment and weighing it options i.e. should it appeal or not. In either case Lehman Brothers’ creditors face delays in recovering their assets. The ruling affects some

Bankruptcy/Insolvency/Restructuring, Litigation