LEHMAN BROTHERS QUARTO ATTO

[duetto]

" to distribute assets to a separate Lehman unit, a move that will allow it to avoid capital gains tax and speed up the prospect of settling a suit over related assets. "

La parte più importante.

 

[duetto]

Questa notizia potrebbe essere importante perchè ( il condizionale è quanto mai d'obbligo ) sarebbe un espediente tecnico/fiscale per dirottare tutto o parte del surplus LBIE ( parliamo di oltre 8 miliardi di sterline ) verso LBHI.

Fantafinanza?

Staremo a vedere!

 

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Quanto sopra in considerazione di:

5. LBHI is the ultimate parent company of LBIE and its UK affiliates.

It was incorporated in Delaware and has commenced proceedings under Chapter 11 of the
US Bankruptcy Code. LBHI was not represented by counsel at the hearing. LBHI’s
direct involvement in the Proposed Settlement is relatively limited, principally to
providing a capped indemnity to LBIE in the event (which the parties consider to be
unlikely) of there being a shortfall in relation to LBIE's unsubordinated creditors.

http://www.pwc.co.uk/business-recovery/administrations/assets/waterfall-iii-settlement-judgment.PDF

 

[duetto]

Mentre in Italia si parla solo di vacanze, ricordo che 17 Agosto, presso la Corte Fallimentare di NYC è calendarizzata una corposa udienza LBHI.

 

[duetto]

Re Lehman Bros International (Europe) (in administration) (No 4) [2017] UKSC 38

August 9 2017

https://www.lexology.com/library/detail.aspx?g=833d421f-04d0-4aef-8792-ace7d8a03f93

 

[duetto]

Honorable Shelley C. Chapman

Thursday, August 17, 2017



10:00 AM
08-13555-scc Lehman Brothers Holdings Inc. Ch. 11
Doc #49954 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 (2015)



Doc #54904 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)



Adversary proceeding: 08-01420-scc Lehman Brothers Inc.
State of the Estate Presentations



State of the Estate Presentations

 

[duetto]

Come potete constatare, il giudice Chapman sarà operativo già Giovedì, 17 Agosto. In realtà sarà operativo già Mercoledì, ma per altri casi.

Colgo l'occasione per augurare a tutti Buon Ferragosto.

 

[carlamed]

GRAZIE DUETTO PER IL TUO COSTANTE LAVORO
BUON FERRAGOSTO A TUTTI

 

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Application to Court for directions in respect of a settlement of the Waterfall III proceedings - 9 August 2017

Aggiornamento


Following previous announcements in relation to the proposed settlement of the Waterfall III proceedings, the Joint Administrators are pleased to report that two significant further milestones have been reached:

i) On 1 August 2017, Mr Justice Hildyard gave LBIE and the other UK Affiliates permission to enter into the settlement; and


ii) The settlement documents have been finalised and executed.

Completion of the settlement is expected to take approximately four weeks, primarily for various administrative steps relating to distributions by the other UK Affiliates. In the meantime the substantive hearing of the second part of Waterfall III planned for September 2017 has been vacated. Assuming the steps required for the settlement to become unconditional take place, the Waterfall III proceedings will be brought to an end.

The Order giving the Joint Administrators permission to enter into the settlement is here.

The Order adjourning the Waterfall III proceedings and vacating the hearing date for the September 2017 trial is here.

On 3 August 2017, Mr Justice Hildyard handed down his approved judgment in respect of the proposed settlement of the Waterfall III proceedings, following the hearing on 24 July 2017. A copy of the judgment is available here.

The Joint Administrators will provide a further update to creditors in due course.

Update - Application to Court for directions in respect of a settlement of the Waterfall III proceedings - 9 August 2017

 

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Docket # 14372

Filed Aug 14 2017

Statement / Lehman Brothers Inc. State of the Estate Presentation filed by Jeffrey S. Margolin on behalf of James W. Giddens, as Trustee for the SIPA Liquidation of Lehman Brothers Inc.. (Margolin, Jeffrey)
Debtor: 08-01420 SIPC vs. Lehman Brothers, Inc.