LEHMAN BROTHERS QUARTO ATTO

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Docket # 59574

Filed Mar 04 2019

Declaration of Joseph Graham in Support of the Reply of Joint Liquidators Motion for an Order Enforcing the Modified Third Amended Joint Chapter 11 Plan of Lehman Brothers Holdings Inc. and Its Affiliated Debtors for Purposes of Distributions (related document(s)[59409]) filed by Joseph Graham on behalf of RSM Restructuring Advisory LLP. (Graham, Joseph)
Debtor: 08-13555 Lehman Brothers Holdings Inc.
Related Dockets

 

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Docket # 59573

Filed Mar 04 2019

Declaration of Lexa Hilliard QC in Support of Joint Liquidators Reply in Support of Motion for an Order Enforcing the Modified Third Amended Joint Chapter 11 Plan of Lehman Brothers Holdings Inc. and Its Affiliated Debtors for Purposes of Distributions (related document(s)[59409]) filed by David R. Seligman on behalf of RSM Restructuring Advisory LLP. (Seligman, David)
Debtor: 08-13555 Lehman Brothers Holdings Inc.
Related Dockets


Ed altri, tutti in prospettiva dell'udienza del 7 Marzo!

 

[Camill_two]

Il valore totale dei claims attenzionati in data 7 Marzo 2019, secondo le sacre scritture ( ma sono solo quelle che elaboro per mio conto, sapete bene che dovete prenderle con grande beneficio di inventario ), si aggirerebbe attorno a circa 20 miliardi di dollari.

Bisognerebbe detrarre circa 5 miliardi che non sarebbero in contestazione. Quindi rimarrebbero circa 15 miliardi di dollari su cui si starebbero....scannando.

Ovviamente tutto rigorosamente IMHO!!!

Non si può dire che siano quisquiglie dato che si tratta di un importo simile alla somma delle ultime tre distribuzioni. Giunti a questo punto, con il residuo del monte crediti da soddisfare che si assottiglia, ridurre i claims di alcuni miliardi sarebbe ancor più significativo.

 

[lima]

Salve Duetto,
ecco perché le mie fonti parlavano di andare a 100 . Direi che se continua così ci avviciniamo.

 

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Important High Court guidance on the limits of determining party's discretion when calculating Loss under the 1992 ISDA Master Agreement

March 6 2019

The High Court has provided important guidance on the application of the standard to which a determining party's calculation of Loss under the 1992 ISDA Master Agreement will be held in Lehman Brothers Finance AG (in liquidation) v (1) Klaus Tschira Stiftung GmbH & Anor [2019] EWHC 379 (Ch).

The defendants were two German entities established by one of the founders of SAP. Since their principal assets consisted of shares in SAP, they had each entered into a number of single stock derivative transactions with Lehman Brothers Finance AG (the "Bank"), a Swiss entity which was part of the Lehman Brothers group, to hedge against significant falls in the price of SAP shares. The hedging transactions were governed by the 1992 version of the ISDA Master Agreement. Given the poor credit quality of the defendants, the terms of the transactions required the SAP shares they held to be placed as collateral with the UK subsidiary of the Lehman Brothers group ("LBIE").

The collapse of Lehman Brothers on 15 September 2008 caused an Event of Default on the hedges triggering the need for the defendants to determine the close-out payments (on the basis of Loss, which the parties had elected as the methodology to apply in the 1992 ISDA). Soon after the Event of Default, the defendants sought indicative quotations from Goldman Sachs and Mediobanca, Banca di Credito Finanziario SpA ("Mediobanca") for replacement hedges on the basis that they would be collateralised in a similar way to the original trades.

Decision

The court held that the determination of Loss by the defendants was invalid. First, it had not been performed in accordance with the definition of Loss. In any event, it was found to have been irrational.

Important High Court guidance on the limits of determining party's discretion when calculating Loss under the 1992 ISDA Master Agreement - Lexology

 

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Honorable Shelley C. Chapman

Thursday, March 07, 2019

11:00 AM
08-13555-scc Lehman Brothers Holdings Inc. Ch. 11

Fra qualche ora, giornata campale per il giudice Chapman: ma tutti i giochi sono ormai fatti ( almeno così si spera ).

 

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Docket # 59575

Filed Mar 06 2019

Transfer Agreement FRBP. Transfer Agreement 3001 (e) 2 Transferors: Credit Suisse AG (Claim No. 55829) To Bank Julius Baer & Co. AG filed by James I. McClammy on behalf of Bank Julius Bar & Co AG. (McClammy, James)
Debtor: 08-13555 Lehman Brothers Holdings Inc.

 

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Ricevuta risposta dalla procedura fallimentare olandese.

Caro Signor .................,

riceve questo messaggio perché si è registrato al fine di ricevere informazioni Lehman Brothers per le sue obbligazioni Lehman Brothers Treasury, attualmente esistenti in suo possesso.

Sfortunatamente, gli investitori privati non possono ricevere nuove obbligazioni da Lehman Brothers. Questo è il motivo per cui abbiamo cancellato la sua registrazione e riceverà un importo in contanti in EURO. Questa è l'opzione standard.

L'ammontare di questa liquidazione non è ancora noto in questo momento e dipende dal ricavato della vendita di attivi residui Lehman Brothers.

Per ulteriori informazioni sull'offerta e sull'importo della liquidazione a saldo, fare riferimento al seguente link:


www.lehmanbrotherstreasury.com

 

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Honorable Shelley C. Chapman

Wednesday, March 13, 2019




2:00 PM
08-13555-scc Lehman Brothers Holdings Inc. Ch. 11
Doc #59409 Joint Liquidators Motion for an Order Enforcing the Modified Third Amended Joint Chapter 11 Plan of Lehman Brothers Holdings Inc. and Its Affiliated Debtors for Purposes of Distributions

 

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Al momento nessuna notizia sulla udienza del 7 Marzo.