12/22/16
On 26 April 2016, the Joint Administrators of Lehman Brothers International (Europe) (in administration) (“LBIE”) announced they had issued an application to Court for directions, pursuant to paragraph 63 of Schedule B1 of the Insolvency Act 1986, to determine various issues concerning contributory claims and other affiliate issues (the "Application").
On 4 November 2016, a second case management conference (the “CMC”) in respect of the Application was held before Mr Justice Hildyard. The purpose of the CMC was to:
Further to the CMC, the Judge has made a procedural order (the “Order”). A copy of the Order can be found here.
Should you have any queries regarding this update, please contact LBIE’s Communications and Counterparty Management team at generalqueries@lbia-eu.com
Restructuring and Insolvency Partner, UK Head of Insolvency, PwC United Kingdom
Tel: +44 (0)7974 332659