Creditors Update (LBIE) - 20/11/2008
The joint administrators' proposals for achieving the purpose of administration for Lehman Brothers International (Europe) are set out below. These are the proposals that were approved at the meeting of the LBIE creditors on 14 November 2008. Please note that this information only relates to Lehman Brothers International (Europe). The proposals for the other companies in administration will be mailed to the creditors of those companies in due course.
A ballot of creditors at the creditors meeting on the 14 November resulted in the following creditors being voted onto the LBIE Creditors Committee.
The presentation delivered at the creditors meeting of the 14 November and a summary of the matters discussed at the LBIE Creditors Committee meeting on the 3 December are now available on the creditor's database. The database is only accessible to creditors of LBIE and requires a log on ID and password to access this.
This is the same database through which you submitted your claims. All creditors should use the log on ID and password that have previously been provided to access the slides used in the presentation. Please note that the slides will only be made available to LBIE creditors via the creditor's database.
We are aware that 'trade creditors were not initially provided with access to the database as their claims were paper based. We are in the process of providing log on IDs and passwords to trade creditors and these will be sent out by post later this week.
Attached are the lists of counterparties and trade creditors who were mailed a pack and covering letter on 28 October 2008. Please note that we will not republish these lists as they are updated with new information provided. However, such parties will be updated on our internal counterparty and trade creditor database records.
LBIE - All known trade creditor - addresses
If your company is not on either of these lists or your company is listed but you have not received your pack and you believe that your company is a creditor of Lehman Brothers International (Europe) then please submit the following information to lbiecreditorclaims@lehman.com
A scanned letter, on company letterhead, confirming the email address to which the User ID and password may be sent. The letter must be signed by either the company secretary or a company director of the entity requesting access to the database; the letter signatory must also be copied into the email request.
Following the receipt of this information, you will be provided with an email containing a User ID and password, a covering letter, instructions on how to submit your claim.
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