Lehman Brothers

Banking, Bankruptcy/Insolvency/Restructuring, Commercial Awareness, debt
Lehman Brothers’ Europe Administrator Has A “Plan B” For Creditors

By Ainsley Brown on October 12, 2009

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… Continue reading "Lehman Brothers’ Europe Administrator Has A “Plan B” For Creditors"
Banking, Bankruptcy/Insolvency/Restructuring, Litigation
Lehman Brothers’ European Arm Set To File $100 Billion Claim Against Parent

By Ainsley Brown on September 8, 2009

By: Ainsley Brown PricewaterhouseCoopers (PwC), the administrator of the now defunct bank’s European arm is set to file a claim against the parent bank in US bankruptcy court. PwC has until September 22 – the deadline set by the court – to file its claim. The claim surrounds some $100 billion in pledges made by the parent bank before it… Continue reading "Lehman Brothers’ European Arm Set To File $100 Billion Claim Against Parent"
Bankruptcy/Insolvency/Restructuring, Litigation
Creditors Of Lehman Brothers’ European Division Will Just Have to Wait A Bit Longer To Recovery Their Money

By Ainsley Brown on August 24, 2009

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… Continue reading "Creditors Of Lehman Brothers’ European Division Will Just Have to Wait A Bit Longer To Recovery Their Money"
Asset Management, Banking, Bankruptcy/Insolvency/Restructuring, Commercial Awareness
Credit Suisse To Compensate Clients Over Lehman Losses

By Ainsley Brown on April 27, 2009

By: Ainsley Brown Switzerland´s second largest bank, Credit Suisse, in a sign of generosity – oh sorry, let me re-phrase that – in a sign of commercial awareness and good customer relations, has decided to compensate clients who suffered losses as a result of the collapse of Lehman Brothers. It is the first investment bank to put forward such a… Continue reading "Credit Suisse To Compensate Clients Over Lehman Losses"

Tag: Lehman Brothers

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

Lehman Brothers’ European Arm Set To File $100 Billion Claim Against Parent

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

Credit Suisse To Compensate Clients Over Lehman Losses