duetto
Forumer storico
Al momento non c'è nulla di ufficiale.
Si spera nelle solite date Ott/Nov per LBHI/LBT.
Appena giungeranno novità dalla procedura fallimentare di New York ne daremo subito notizia.
LEHMAN BROTHERS QUARTO ATTO
- Creatore Discussione duetto
- Data di Inizio
Si spera nelle solite date Ott/Nov per LBHI/LBT.
Appena giungeranno novità dalla procedura fallimentare di New York ne daremo subito notizia.
duetto
Forumer storico
Docket # 55833
Filed Jul 25 2017
Notice of Adjournment of Hearing on the Motion of Plan Administrator Pursuant to Sections 8.4, 9.3, and 14.1 of the Modified Third Amended Joint Chapter 11 Plan of Lehman Brothers Holdings Inc. and Its Affiliated Debtors to Estimate Claims for Reserve and Distribution Purposes (2017) (related document(s)[54904]) filed by Garrett A. Fail on behalf of Lehman Brothers Holdings Inc.. with hearing to be held on 8/17/2017 at 10:00 AM at Courtroom 623 (SCC) (Fail, Garrett) Less
Debtor: 08-13555 Lehman Brothers Holdings Inc.
Filed Jul 25 2017
Notice of Adjournment of Hearing on the Motion of Plan Administrator Pursuant to Sections 8.4, 9.3, and 14.1 of the Modified Third Amended Joint Chapter 11 Plan of Lehman Brothers Holdings Inc. and Its Affiliated Debtors to Estimate Claims for Reserve and Distribution Purposes (2017) (related document(s)[54904]) filed by Garrett A. Fail on behalf of Lehman Brothers Holdings Inc.. with hearing to be held on 8/17/2017 at 10:00 AM at Courtroom 623 (SCC) (Fail, Garrett) Less
Debtor: 08-13555 Lehman Brothers Holdings Inc.
duetto
Forumer storico
Ricordate come eravamo rimasti con LBIE?
Siamo in inghilterra questa volta.
La procedura fallimentare inglese certifica che, alla quasi fine della giostra, c'è un surplus di 8 miliardi di sterline.
Cosa farne di questa montagna di denaro?
Lehman Brothers Administration: Court considers what to do with the £8 billion surplus
United Kingdom July 14 2017
The English Supreme Court has considered various new categories of creditor claims against a company with unlimited liability in administration where, unusually, there was enough money to pay all creditors and a surplus existed.
In proceedings commonly referred to as the Waterfall I litigation, the Supreme Court considered issues relating to the distribution of funds from the estate of Lehman Brothers International Europe (in administration) (LBIE), in circumstances where there was a surplus of assets amounting to approximately £8 billion.
Unsurprisingly, various unsecured creditors, including another Lehman group company, Lehman Brothers Holdings Intermediate 2 Limited (LBHI2), sought a recovery against the surplus. The Waterfall I litigation was intended to resolve certain lacunas in UK insolvency legislation relating to currency conversion claims, statutory interest, and the ranking of subordinated debt, in addition to other issues concerning LBIE’s, somewhat unusual, structure as an unlimited company.
The Supreme Court judgment
In respect of the above issues, the Supreme Court held that:
Lehman Brothers Administration: Court considers what to do with the £8 billion surplus - Lexology
Siamo in inghilterra questa volta.
La procedura fallimentare inglese certifica che, alla quasi fine della giostra, c'è un surplus di 8 miliardi di sterline.
Cosa farne di questa montagna di denaro?
Lehman Brothers Administration: Court considers what to do with the £8 billion surplus
United Kingdom July 14 2017
The English Supreme Court has considered various new categories of creditor claims against a company with unlimited liability in administration where, unusually, there was enough money to pay all creditors and a surplus existed.
In proceedings commonly referred to as the Waterfall I litigation, the Supreme Court considered issues relating to the distribution of funds from the estate of Lehman Brothers International Europe (in administration) (LBIE), in circumstances where there was a surplus of assets amounting to approximately £8 billion.
Unsurprisingly, various unsecured creditors, including another Lehman group company, Lehman Brothers Holdings Intermediate 2 Limited (LBHI2), sought a recovery against the surplus. The Waterfall I litigation was intended to resolve certain lacunas in UK insolvency legislation relating to currency conversion claims, statutory interest, and the ranking of subordinated debt, in addition to other issues concerning LBIE’s, somewhat unusual, structure as an unlimited company.
The Supreme Court judgment
In respect of the above issues, the Supreme Court held that:
- Statutory interest and non-provable liabilities must be satisfied before any of the surplus monies can be used to pay subordinated debts.
- It is not open to foreign currency creditors to claim for any currency exchange shortfall as a non-provable debt of an administration.
- The payment of statutory interest accruing whilst a company is in administration is only payable during the period of the administration, and cannot for example be claimed during subsequent liquidation proceedings.
Lehman Brothers Administration: Court considers what to do with the £8 billion surplus - Lexology
stefanofabb
GAIN/Welcome
Pag. 9. IL Sole Plus 24 Ore di oggi. Buon giorno
duetto
Forumer storico
Grazie Stefanofabb.
Parlado di avvocati e dintorni, mi sento di rivolgere un accorato appello a tutti subordinati delle due banche venete ad essere molto attenti a quello che propone il web.
Infatti in circostanze analoghe anche per Lehman Brothers si verificò questo tipo di fenomeno: avvocati che si propongono per risolvere il problema della perdita dei risparmi ad un pubblico che versa, per definizione, in stato di necessità e di confusione.
La storia ci dice che, in quel caso, le cose andarono malissimo: non solo la causa fu persa ma gli incauti attori furono pure condannati al pagamento delle spese processuali, spese di CTU e avvocati di parti convenute. Insomma una sconfitta totale.
Quindi ci vuole discernimento e logica: bisogna affidarsi solo a chi sia in grado di centrare almeno buoni motivi per proporre giudizio.
Poi......altrimenti si corre seriamente il rischio di rimeterci altro denaro vivo sul denaro morto!
duetto
Forumer storico
https://www.lehmanbrotherstreasury.com/pdf/english/LBT Overview Distribution 10 0.PDF
Questo è l'ultimo PDF della procedura fallimentare di Amsterdam per LBT!
Questo è l'ultimo PDF della procedura fallimentare di Amsterdam per LBT!
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