The Wall Street Journal reported that Steven Pearson, joint administrator for Lehman Brothers International (Europe) has proposed a plan to distribute assets in Europe. Check out the story here.
Because Lehman Brothers had assets in different countries, the process of untangling all these assets has been snarled for over a year. This example shows the importance for debtors and creditors to obtain good counsel in structuring their businesses.
Wednesday, October 7, 2009
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