What's the latest in the administration of Lehmans?

What's the latest in the administration of Lehmans?

The tenth progress report reveals that Lehman Brothers International (Europe) might have a surplus, meaning unsecured creditors may get interest and shareholders may also benefit.

The joint administrators of Lehman Brothers International (Europe) (LBIE) have drafted a progress report tracking the period from 15 March 2013 to 14 September 2013. This information has been sent to all known creditors and counterparties.

What are the main updates?

On 11 October 2013, the joint administrators of LBIE delivered their tenth report on the progress of the administration. Key points to note are:

• th

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About the author:
Kathy specialises in restructuring and cross-border insolvency. She qualified as a solicitor in 1995 and has since worked for Weil Gotshal & Manges and Freshfields. Kathy has worked on some of the largest restructuring cases in the last decade, including Worldcom, Parmalat, Enron and Eurotunnel.