Linklaters has advised PricewaterhouseCoopers (PwC) on an agreement in principle to resolve all claims between Lehman Brothers (LBI) and Lehman Brothers International (Europe) (LBIE), totalling $38bn (£23.7bn). The agreement, which marks a key milestone in the Lehman Brothers administration, means assets owed to LBIE's customers can now be distributed to customers and creditors.
October 11, 2012 at 08:04 AM
1 minute read
The original version of this story was published on Legalweek
Linklaters and Davis Polk & Wardwell have advised PricewaterhouseCoopers (PwC) on an agreement in principle to resolve all claims between Lehman Brothers (LBI) and Lehman Brothers International (Europe) (LBIE), totalling $38bn (£23.7bn).
The agreement, which marks a key milestone in the Lehman Brothers administration, means assets owed to LBIE’s customers can now be distributed to customers and creditors.
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