LEHMAN BROTHERS QUARTO ATTO

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Lehman’s UK administrators seek Chapter 15 reopening for derivatives trial

18 November 2020


New York


The English administrators of Lehman Brothers International (Europe) have asked a New York court to reopen the bank’s Chapter 15 proceedings, so it can take over a nine-year lawsuit from a backlogged state court.

Lehman’s UK administrators seek Chapter 15 reopening for derivatives trial

The English administrators of Lehman Brothers International (Europe) have asked a New York court to reopen the bank’s Chapter 15 proceedings, so it can take over a nine-year lawsuit from a backlogged state court.

globalrestructuringreview.com

 

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Docket # 60941

Filed Nov 24 2020

Transfer Agreement FRBP. Transfer Agreement 3001 (e) 2 Transferors: Deutsche Bank AG, London Branch (Claim No. 55829, Amount $1,504,252.11) To BKM Holdings (Cayman) Ltd. filed by Thomas T. Janover on behalf of BKM Holdings (Cayman) Ltd.. (Janover, Thomas)
Debtor: 08-13555 Lehman Brothers Holdings Inc.

 

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Docket # 60942

Filed Nov 24 2020

Transfer Agreement FRBP. Transfer Agreement 3001 (e) 2 Transferors: Deutsche Bank AG, London Branch (Claim No. 59773, Amount $138,998.51) To BKM Holdings (Cayman) Ltd. filed by Thomas T. Janover on behalf of BKM Holdings (Cayman) Ltd.. (Janover, Thomas)
Debtor: 08-13555 Lehman Brothers Holdings Inc.

 

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Honorable Shelley C. Chapman

Tuesday, December 08, 2020

10:00 AM​
	08-13555-scc Lehman Brothers Holdings Inc. Ch. 11
	Hearing on Debtors' Application to Assume Certain Executory Contracts

 

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A ben vedere, valutando ed interpretando le ultime notizie provenienti da NY, la questione LBIE sta diventando preminente rispetto a tutte le altre riguardanti LBHI.

Ricordo l'esistenza di un enorme surplus cash tuttora nelle casse di LBIE , risultato della ottima amministrazione PWC ( ma non solo ). Siamo attorno ai 10 miliardi di dollari o quelli che rimarranno al netto dell'imposizione fiscale !!!

In questo filone si inserisce il cosiddetto caso Waske, ancora sub judice.

IMHO

 

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Updates

Update dated 24 November 2020 on application to Court to seek a determination on issues of priority in respect of potential distributions to holders of subordinated debts

– Appeal Update


We refer to the previous updates in respect of the Applications. As foreshadowed in our update dated 13 October 2020, on 26 October 2020:
SLP3 filed an Appellant’s Notice with accompanying documents in respect of the High Court’s finding that the LBHI2 Sub-Debt ranks ahead of the LBHI2 Sub-Notes, but only on grounds of construction for which permission to appeal had been granted (“SLP3 Appeal”);
Deutsche Bank and GP No 1 filed Appellants’ Notices with accompanying documents in respect of the High Court’s finding that the PLC Sub-Debt ranks pari passu with the PLC Sub-Notes, but only on grounds of construction for which permission to appeal had been granted (“DB and GP No 1 Appeal”); and
SLP3 and Deutsche Bank filed separate applications seeking permission from the Court of Appeal to appeal additional findings within the judgment which the High Court initially refused at the Consequentials Hearing (the “Permission Applications”).
On 23 November 2020, the LBH Administrators filed a Respondent’s Notice in respect of the SLP3 Appeal and LBHI filed a Respondent’s Notice in respect of the DB and GP No 1 Appeal.
Both Deutsche Bank and the LBH Administrators have filed a short response opposing SLP3’s Permission Application. LBHI has filed a short response opposing Deutsche Bank’s Permission Application. The substantive appeal proceedings, being the SLP3 Appeal and the DB and GP No 1 Appeal, are stayed until the determination of the Permission Applications.
We expect the Court of Appeal to determine the Permission Applications on the papers. No hearing date has yet been set for the appeals.

Lehman Brothers Holdings Plc (in administration)

This site provides information regarding the progress of the administration of Lehman Brothers Holdings plc (“LBH”) and will be updated as and when new information becomes available.

www.pwc.co.uk

 

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Non si riesce a comprendere chi avrà il diritto di distribuire questo surplus ( al netto della fiscalità ) : LBHI o la stessa LBIE?

In entranbi i casi, LBHI avrà dirito a percepirne una parte, o no?

Ne sapremo di più agli inizi del prossimo anno.

Forse!!!

 

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Prossima udienza su LBHI schedulata Dicembre, 08 2020 - Corte Fallimentare di NY.

Trattasi di udienza tecnica.

Ammesso che non venga nuovamente rimandata!

 

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Docket # 60943

Filed Nov 30 2020



Monthly Operating Report / October 2020 Post-Effective Operating Report Filed by Garrett A. Fail on behalf of Lehman Brothers Holdings Inc.. (Fail, Garrett)


Debtor: 08-13555 Lehman Brothers Holdings Inc.

 

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UNITED STATES BANKRUPTCY COURT
SOUTHERN DISTRICT OF NEW YORK

In re: Chapter 11 Case No. Lehman Brothers Holdings Inc., et al., 08-13555 Debtors.OCTOBER 2020 POST-EFFECTIVE OPERATING REPORTOCTOBER 2, 2020 –

OCTOBER 31, 2020 SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS DEBTORS’ ADDRESS: LEHMAN BROTHERS HOLDINGS INC. c/o KRISTINE DICKSON CHIEF FINANCIAL OFFICER 277 PARK AVENUE 46th FLOOR NEW YORK, NY 10172


DEBTORS’ ATTORNEYS: WEIL, GOTSHAL & MANGES LLP c/o JACQUELINE MARCUS, GARRETT A. FAIL 767 FIFTH AVENUE NEW YORK, NY 10153 REPORT PREPARER: LEHMAN BROTHERS HOLDINGS INC., AS PLAN ADMINISTRATOR



Date: November 30, 2020


Total

188 LBHI

66 LBHI-Controlled Entities

254 Total LBHI & Controlled Entities


8 LBSF