On 18 February 2013, Lehman Brothers International (Europe) (in administration) (“LBIE”) and other UK affiliates announced that they had issued a joint application to seek a determination on various issues concerning their shareholding and other relationships (the “Waterfall Application”). The hearing of the Waterfall Application was held in November 2013.
David Richards J read out his Statement of Conclusions on the Waterfall Application in court on 21 February 2014 and a copy of that statement is available here.
The full judgment was handed down by David Richards J on 14 March 2014. A copy of the judgment is available here.
Should you have any queries regarding this update, please contact LBIE’s Communications and Counterparty Management team at generalqueries@lbia-eu.com.
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Lehman Brothers filed for bankruptcy in the US courts on 15 September 2008. PwC were appointed as administrators, on the largest insolvency in history.
Omnibus Trust, Affiliates, Client Assets and Client Money archive folders can be found here.
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