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The Liquidators hold fifth Global Protocol Meeting                                          Liquidators recover 100% on China real estate position                              



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Lehman Brothers
Hong Kong Incorporated Entities - Latest Updates Meet our team Bonn Liu Patrick Cowley Warren Phillips Edward Middleton Fergal Power Paul Brough Sarah Bower Paul Mitchell Doug Ferguson Jon Parker Lehman Brothers Holding Incorporated filed for bankruptcy in the US courts on 15 September, 2008.
 
KPMG China partners Paul Brough, Edward Middleton and Patrick Cowley were appointed by the Hong Kong High Court as Provisional Liquidators of the eight Lehman HK Companies, on 17 and 19 September, 2008.  In March 2009, the Provisional Liquidators were approved by the High Court to continue in office as Liquidators of the Hong Kong entities. 
 
This website serves as an information source for all eight entities. It provides regular progress updates and latest news as the Liquidators continue to work on the preservation, protection and any subsequent sale of assets.  Please contact us with additional queries.

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Latest Updates

Lehman liquidators recover 100% on China real estate position

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...

Announcement for Investors in Lehmans' "Horizon II Programme", LBCCA entity

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...

Lehman Brothers Affiliates Agree Steps to Determine Trading and Non-Trading Inter-Company Balances

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...

The Liquidators submit US$11.7 bn worth of claims to Lehman parent company, LBHI

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...

Extension of Time to Disclaim Onerous Contracts

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...

Lehman Brothers Asia Holdings Limited (In Liquidation) (LBAH), seeks leave to appeal in Australia

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...

Lehman Brothers Affiliates Agree Multilateral Cooperation

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...

Notice to Creditors to Prove Debts

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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© KPMG Advisory (China) Limited, a wholly foreign owned enterprise in China and KPMG Huazhen, a Sino-foreign joint venture in China, are member firms of the KPMG network of independent member firms affiliated with KPMG International Cooperative, a Swiss entity. All rights reserved.


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