Lehman Brothers

Dealing with Lehman Brothers companies in administration

Please see the attached commentary on dealing with Lehman Brothers companies in administration. Please note the paper only provides general guidance and no reliance should be placed on it in relation to specific situations:

Dealings with Lehman Brothers in Administration.pdf

The commentary seeks to address dealing with English company contractual parties under English law contracts. The Clifford Chance contacts are listed on Page 1. Anyone wishing to speak to the LMA on non-legal matters should call Mike Johnstone on +44 (0)20 7006 2267 or email him on mike.johnstone@lma.eu.com

Additional papers have been produced by a number of law firms which, with their permission, are attached below. These notes provide general advice and do not address specific situations. It cannot be overstated that in relation to specific situations any advice should be based on a thorough understanding of the specific wording of all relevant documentation and all the relevant facts.

Clifford Chance - Lehmans Brothers Administration Update

Ashurst Paper - Lehmans files for administration; what happens now?

RK&O - LMA Sub-Participation Agreements and Grantor Insolvency

Clifford Chance - A view from across the pond: Chapter 11 of the US Bankruptcy Code

For US commentary, we refer you to the LSTA website:

LSTA Website