Surplus Scheme - Distribution of Post-Administration Interest and associated UK Withholding Tax
The Joint Administrators have proposed a scheme of arrangement in relation to Lehman Brothers International (Europe) (in administration) pursuant to Part 26 of the Companies Act 2006 as a mechanism to distribute the surplus and to settle the Waterfall proceedings.
Please click on the links shown below to provide you with further information:
Updates
- Update: Announcement of additional distribution - 31 January 2020
- Update: Announcement of additional distribution - 7 October 2019
- Update: Announcement of additional distribution - 17 April 2019
- Update - UK Withholding Tax - Supreme Court Judgment - 15 March 2019
- Update: Announcement of additional distribution - 14 February 2019
- Update: Announcement of additional distributions - 16 January 2019
- Update – UK withholding tax application - Announcement of LBIE Tax Creditor Sub Group – 18 December 2018
- Update - Scheme of arrangement, pursuant to Part 26 of the Companies Act 2006 - Judgments dated 18 June & 27 July 2018 - 23 August 2018
- Update - Scheme Parties – Notice of extension of deadline - 17 August 2018 at 3.30pm
- Update – Announcement of first Scheme Distribution in relation to the scheme of arrangement, pursuant to Part 26 of the Companies Act 2006 – 25 July 2018
- Resignation and replacement of Joint Administrators - 16 July 2018
- Update - Scheme of arrangement, pursuant to Part 26 of the Companies Act 2006 - Publication of Full SI Payment Statement - 2 July 2018
- Update – Announcement of the proposed scheme of arrangement, pursuant to Part 26 of the Companies Act 2006, for a full and final settlement in respect of surplus entitlements and the payment of statutory interest – notification of effective date – 20 June 2018
- Update – Announcement of the proposed scheme of arrangement, pursuant to Part 26 of the Companies Act 2006, for a full and final settlement in respect of surplus entitlements and the payment of statutory interest – sanctioning of the scheme and anticipated effective date – 18 June 2018
- Update - Announcement of the proposed scheme of arrangement, pursuant to Part 26 of the Companies Act 2006, for a full and final settlement in respect of surplus entitlements and the payment of statutory interest - Chairman’s Report - 8 June 2018
- Update – Announcement of the proposed scheme of arrangement, pursuant to Part 26 of the Companies Act 2006, for a full and final settlement in respect of surplus entitlements and the payment of statutory interest – Notice of Approval at Scheme Meetings and Sanction Hearing – 6 June 2018
- Update – Announcement of proposed scheme of arrangement, pursuant to Part 26 of the Companies Act 2006, for a full and final settlement in respect of surplus entitlements and the payment of statutory interest – amendment to proposed scheme – 31 May 2018
- Update – UK Withholding Tax - Permission to Appeal to the Supreme Court of the United Kingdom – 25 May 2018
- Update – Announcement of proposed scheme of arrangement, pursuant to Part 26 of the Companies Act 2006, for a full and final settlement in respect of surplus entitlements and the payment of statutory interest – creditor consultation – 22 May 2018
- Update – Announcement of proposed scheme of arrangement, pursuant to Part 26 of the Companies Act 2006, for a full and final settlement in respect of surplus entitlements and the payment of statutory interest – filing of Chapter 15 petition and update to the expected effective date of the scheme – 18 May 2018
- General update - Lehman Brothers International (Europe) - In Administration ("LBIE") – 16 May 2018 Joint Administrators' Update Call – 15 May 2018
- Proposed scheme of arrangement, pursuant to Part 26 of the Companies Act 2006, for a full and final settlement in respect of surplus entitlements and the payment of statutory interest – launch of scheme documents and voting process - 14 May 2018
- Update – Announcement of proposed scheme of arrangement, pursuant to Part 26 of the Companies Act 2006, for a full and final settlement in respect of surplus entitlements and the payment of statutory interest – Update to the Practice Statement Letter - 2 May 2018
- Update – Announcement of proposed scheme of arrangement, pursuant to Part 26 of the Companies Act 2006, for a full and final settlement in respect of surplus entitlements and the payment of statutory interest – Issue of Claim Form and Witness Statement of Russell Downs dated 2 May 2018
- Update – UK withholding tax application (the “Application”) – HMRC position re: proposed scheme of arrangement - 18 April 2018
- Update – Announcement of proposed scheme of arrangement, pursuant to Part 26 of the Companies Act 2006, for a full and final settlement in respect of surplus entitlements and the payment of statutory interest – Practice Statement Letter - 18 April 2018
- Update – Announcement of proposed scheme of arrangement, pursuant to Part 26 of the Companies Act 2006, for a full and final settlement in respect of surplus entitlements and the payment of statutory interest - 29 March 2018
- Update – Announcement on a proposal for a full and final settlement in respect of surplus entitlements and the payment of statutory interest – 22 December 2017
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