Lehman Brothers' European creditors have suffered a blow after the High Court rejected a proposed scheme of arrangement which would have seen a timetable put in place for the return of assets. Linklaters is advising Lehman's administrator PricewaterhouseCoopers (PwC), which made an application to the High Court in relation to the proposed scheme at the beginning of August when presiding judge Mr Justice Blackburne decided to reserve his judgment.
August 24, 2009 at 09:01 AM
1 minute read
The original version of this story was published on Legalweek
Lehman Brothers’ European creditors have suffered a blow after the High Court rejected a proposed scheme of arrangement which would have seen a timetable put in place for the return of assets.
Linklaters is advising Lehman’s administrator PricewaterhouseCoopers (PwC), which made an application to the High Court in relation to the proposed scheme at the beginning of August when presiding judge Mr Justice Blackburne decided to reserve his judgment.
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