How to submit a LBIE creditor claim

Please note:

• Creditors may submit proofs of debt as set out below.
• The Administrators may at a later date request that creditors provide further details or, produce further documentation / evidence as necessary.
• Creditors will be updated in respect to future dividend expectations in due course.

The Administrators will accept proofs of debt either:

• Electronically, via the LBIE Client Information and Claims website (as to which, see below); or
• In hard copy

LBIE Client Information and Claims website

At the present time, the Client Information and Claims website does not have the requisite functionality to accept Proof of Debt forms and supporting documentation. Functionality enhancements will be made in this regard during the coming months and, once the Client Information and Claims Website is capable of accepting proofs electronically, the Administrators will advertise that fact on this website.

In the meantime, creditors wishing ultimately to submit their proofs electronically via the Client Information and Claims Website may wish to submit information via that website that will enable the Administrators to begin the process of assessing their claims in advance of the submission of a formal proof. The website currently provides creditors and counterparties with the ability to:

• Submit details of their claims against LBIE
• Access regular updates from the Administrators and certain information regarding the LBIE Administration
• Update contact information to receive statutory information and other written correspondence from the Administrators.

Instructions on how to gain access to the website

All known clients, counterparties and creditors were provided with access details to the website in the letter accompanying the Administrators’ Proposals for Achieving the Purpose of Administration dated 28 October 2008.  A further letter was sent to counterparties and creditors and agents who had not so far accessed the website, on 4 December 2009 providing user ID’s and password details.

If you are unable to locate your user ID and password, please follow this link to register your details to obtain access to the LBIE Client Information and Claims website lbieclientsystem@uk.pwc.com.

Further user ID and password requests

Counterparties are required to fill in the fields specified and must provide the following information to obtain access details to the website:

• The Legal Entity Name
• The Full Address of the Legal Entity
• A scanned letter on company letterhead confirming the email address to which their User ID and password may be sent.
• The letter must be signed by either the company secretary or a company director; the letter signatory must also be copied into your reply.
• The letter should list all email addresses to which the account User ID and Password must be sent.

Once your details are received and accepted, you will be issued with a username and password for access to the LBIE Client Information and Claims website.  

If you have any further queries please email: lbieclientsystem@uk.pwc.com

Proof of Debt form

Hard copy Proof of Debt forms are being accepted now. Should you want to complete a hard copy Proof of Debt form, please complete the Proof of Debt form below and return it, along with supporting documentation to the following address:

Joint Administrators
For Lehman Brothers International (Europe) (in Administration)
Plumtree Court
London
EC4A 4HT
United Kingdom

Please note when submitting your proof that no acknowledgement as to the admissibility or validity of claims for dividend purposes is given or implied and all rights with regard to the construction of claims, including, without limitation, the applicability of any netting or rights of set-off or the treatment of collateral are fully reserved.

Please read the documents linked below for more information and on what steps you should be taking:

• LBL Statement of Affairs - 18/12/2009
• Creditor update - Notice of Proposed Distribution - 04/12/2009
• LBIE Statement of Affairs - 17/08/2009
• Creditors update - LBHI Bar Date Application - 19/06/09
• Creditors update - LBHI Bar Date Notification - 10/06/09
• LBIE – Joint Administrators’ Progress Report (14/04/2009)
• LBIE – Client Information and Claims website registration

Unsecured creditors of other Lehman Brothers companies in Administration:

The Joint Administrators’ reports for the other 18 companies in administration will be mailed to the creditors of those companies in due course.

If you believe that your company is an unsecured creditor of one of the other Leman companies in Administration, you must log your company’s claim with the Joint Administrators’ at PricewaterhouseCoopers LLP, Plumtree Court (IMT), London EC4A 4HT, clearly stating which company you believe your claim is against.