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Lehman Brothers - The Week That Was.


updated October 2009


Lehman Brothers Holdings Inc (“LBHI”) filed a petition (case number 08-13555) in the United States Bankruptcy Court for the Southern District of New York seeking relief under Chapter 11 of the United States Bankruptcy Code (“Chapter 11”).

Lehman Brothers Special Finance Inc filed Chapter 11 petition on 3 October 2008.


UK court made four orders providing for the appointment of Dan Schwarzmann, Anthony Lomas, Steven Pearson and Michael Jervis, all partners of PricewaterhouseCoopers LLP, as Joint Administrators of the following UK companies:


The following actions were taken against these European entities:


The Japan Financial Services Agency issued administration orders against Lehman Brothers Japan Inc (“LBJ”)

16 September


LB 745 LLC filed for Chapter 11 (case number 08-13600).


LBJ and Lehman Brothers Holdings Japan Inc applied to the Tokyo District Court to commence civil rehabilitation under Japanese Civil Rehabilitation Law (民事再生法)and the order was granted on the same day.

Hong Kong

Regulatory restrictions imposed on these Hong Kong entities:

17 September

Hong Kong

Provisional Liquidators appointed in respect of LB Securities and LB Futures.

19 September

Hong Kong

Provisional Liquidators appointed in respect of the following Hong Kong entities:


The Bankruptcy Court approved the sale of certain assets of LBHI to Barclays Capital Inc.

22 September 2008

Nomura Holdings, Inc announced its agreement to acquire Lehman Brothers?f franchise in Asia Pacific region including Japan and Australia.

September 23, 2008

Nomura announced it had reached an agreement to acquire the European and Middle Eastern equities and investment banking operations of Lehman Brothers.

Lehman Brothers Creditors' website

 :: http://www.lehmancreditors.com/.

Lehman Brothers Court Proceedings

Lehman Docs

Other Lehman Distractions


Last updated July 2009


The above notes are intended to highlight issues and provide only general outlines and not intended to be comprehensive nor legal advice. Where applicable, the same should be read in conjunction with, and are qualified in their entirety by, the full provisions of the relevant ISDA provisions and definitions. They shall never be used in place of professional advice. We accept no responsibility for any loss arising from any action taken or not taken by anyone using this material or using this material in conjunction with any ISDA documentation in reliance thereof. If you have any question, please contact us.

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