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March 2010
The Liquidators of Lehman Brothers Commercial Corporation Asia Limited (LBCCA) have recovered another significant real estate loan, used to finance an A-Grade commercial property in Shanghai, China. Read more... |
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February 2010
The Liquidators of Lehman Brothers Commercial Corporation Asia Limited ("LBCCA") wish to inform noteholders of the Horizon II International Limited's Secured Continuously Offered Note Programme ("Horizon II Programme"), that they should contact the Trustee of the Horizon II Programme directly should they have any queries or require any updates. Read more... |
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November 2009
Representatives of the Lehman Brothers Group of Companies ("affiliates"), who earlier this year agreed a Global Cross-Border Insolvency Protocol ("Global Protocol") to enhance cooperation between the various Lehman entities, have held their second meeting. Read more... |
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November 2009
KPMG's Paul Brough, Edward Middleton and Patrick Cowley, the Liquidators of the eight Hong Kong Lehman entities, have filed 268 claims due to Lehman Brothers Holdings Inc, (LBHI) the Group's ultimate parent company and 19 US debtors, in respect of amounts owed to the Hong Kong entities. Read more... |
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November 2009
The Liquidators of Lehman Brothers Commercial Corporation Asia Limited (LBCCAL) and Lehman Brothers Asia Limited (LBAL) have obtained from the Hong Kong High Court an extension of time before which onerous contracts must be disclaimed. An extension until 19 September 2010 has been granted. Read more... |
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October 2009
Lehman Brothers Asia Holdings Limited (In Liquidation) (LBAH), as the major creditor of Lehman Brothers Australia Limited (LBA), has sought leave to appeal against the 25 September 2009 decision of the Full Federal Court of Australia. In that decision, the Full Federal Court held that Deeds of Company Arrangements ("DOCAs") which include releases to third parties, are invalid and unenforceable. Read more... |
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August 2009
Representatives of the Lehman Brothers Group of Companies, who earlier this year agreed a Global Cross-Border Insolvency Protocol to enhance cooperation between the various Lehman entities, have held their first meeting to discuss ways to maximise recoveries for creditors and reduce potentially costly litigation and administrative expense. Read more... |
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July 2009
In accordance with Rule 93 of the Companies (Winding-Up) Rules, the Liquidators have now issued Notices to Creditors to Prove Debts. Letters have been also sent to creditors of the respective companies. Creditors are required (if they have not already done so) to lodge their Proofs of Debt on or before the close of business on 14 August 2009. Read more... |
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