The Joint Administrators of Lehman Brothers International (Europe) (in administration) (“LBIE”) have issued an application to Court for directions in relation to a number of issues concerning entitlements to the surplus in the LBIE estate (the “Application”). The following LBIE creditors have been identified by the Joint Administrators as appropriate respondents to the Application:
The Application seeks the guidance of the Court in relation to, broadly, the following issues:
The Application and accompanying witness statement in support of the Application, together with the associated exhibit, are attached hereto. The witness statement provides further information as to the factual background to, and the issues in, the Application.
An initial directions hearing has been scheduled for 25 June 2014.
Should you have any queries regarding this update, please contact LBIE’s Communications and Counterparty Management team at generalqueries@lbia-eu.com. The Joint Administrators will continue to communicate with you through this website on all matters relating to the Application and the administration of LBIE.
© 2015 - 2024 PwC. All rights reserved. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.