Bankruptcy Lehman Brothers Securities N.V.
General Information
Notification to Creditors and Other Interested Parties
On 30 January 2009 the Court of First Instance of the Netherlands Antilles, venue Curacao, adjudicated bankrupt the limited liability company Lehman Brothers Securities N.V., (“LBS”) seated in Curacao, appointing Ms. A.M.P. Geelhoed as supervising judge in charge of the bankruptcy and Mr. Michiel R.B. Gorsira as trustee. Mr. A.J. Beukenhorst has been appointed as the supervisory judge as of October 2010. On 24 May 2011 the supervisory judge appointed Mr. Robert F. van Beemen as bankruptcy trustee in the bankruptcy of Lehman Brothers Securities N.V. alongside Mr. Michiel R.B. Gorsira.
On 30 January 2009 the Court of First Instance of the Netherlands Antilles, venue Curacao, adjudicated bankrupt the limited liability company Lehman Brothers Securities N.V., (“LBS”) seated in Curacao, appointing Ms. A.M.P. Geelhoed as supervising judge in charge of the bankruptcy and Mr. Michiel R.B. Gorsira as trustee. Mr. A.J. Beukenhorst has been appointed as the supervisory judge as of October 2010. On 24 May 2011 the supervisory judge appointed Mr. Robert F. van Beemen as bankruptcy trustee in the bankruptcy of Lehman Brothers Securities N.V. alongside Mr. Michiel R.B. Gorsira.
The decisions of the Court of First Instance of Curacao regarding the bankruptcy of LBS are available below.
Court Document
- Decision appointment Van Beemen (Dutch)
- Decision appointment Van Beemen (English)
- Judgment 30 January 2009 (Dutch)
- Judgment 30 January 2009 (English)
Public Reports and Notices
The information regarding the findings of Trustees will be published through bankruptcy reports and notices. The Trustees will publish the bankruptcy reports on a quarterly basis.
Please click on the links below to open the documents:
The information regarding the findings of Trustees will be published through bankruptcy reports and notices. The Trustees will publish the bankruptcy reports on a quarterly basis.
Please click on the links below to open the documents:
- First bankruptcy report, dated 12 March 2009
- Second bankruptcy report, dated 29 July 2009
- Addendum second bankruptcy report
- Third bankruptcy report, dated 24 November 2009
- Fourth bankruptcy report, dated 13 April 2010
- Fifth bankruptcy report, dated 9 August 2010
- Sixth bankruptcy report, dated 30 November 2010
- Seventh bankruptcy report, dated 22 April 2011
- Eighth bankruptcy report, dated 28 September 2011
Notices:
- Notice to Security Holders, dated 14 September 2009
- Notice to holders of warrants and certificates issued by LBS, dated 6 October 2009
- Notice in respect to certain Warrants
- Notice to Creditors, dated 26 October 2011
Cross-Border Insolvency Protocol
The Trustees are party to the Cross-Border Insolvency Protocol for the Lehman Brothers Group of Companies (the “Protocol”). The purpose of the Protocol is to come to an efficient winding-up of the companies of the Lehman Brothers Group by facilitating the coordination between the various official representatives and the courts involved.
The Protocol intends, among other issues, to provide for a consistent and measured approach to the calculation and adjudication of intercompany claims that avoids unnecessary intercompany litigation. The Trustees also stress that the Protocol does not aim to restrict or limit any rights the Trustees or creditors may have under Curacao law.
The Trustees are party to the Cross-Border Insolvency Protocol for the Lehman Brothers Group of Companies (the “Protocol”). The purpose of the Protocol is to come to an efficient winding-up of the companies of the Lehman Brothers Group by facilitating the coordination between the various official representatives and the courts involved.
The Protocol intends, among other issues, to provide for a consistent and measured approach to the calculation and adjudication of intercompany claims that avoids unnecessary intercompany litigation. The Trustees also stress that the Protocol does not aim to restrict or limit any rights the Trustees or creditors may have under Curacao law.
Official Representatives Report
Please click here for the Report of Activities, through January 15, 2010, of the Official Representatives and Other Participating Affiliates Pursuant to the Cross-Border Insolvency Protocol for the Lehman Brothers Group of Companies (the "Report"). The Report was finalized during the third protocol meeting in New York and signed by the co-chairs, Edward S. Middleton and Rutger Schimmelpenninck, on January 15, 2010.
Please click here for the Report of Activities, through January 15, 2010, of the Official Representatives and Other Participating Affiliates Pursuant to the Cross-Border Insolvency Protocol for the Lehman Brothers Group of Companies (the "Report"). The Report was finalized during the third protocol meeting in New York and signed by the co-chairs, Edward S. Middleton and Rutger Schimmelpenninck, on January 15, 2010.
$ 5.174 Billion settlement by Curacao Lehman Brothers Bankruptcy Trustees
The bankruptcy trustees of Lehman Brothers Securities N.V. (“LBS”), Michiel R.B. Gorsira and Robert F. van Beemen, have reached an agreement with Lehman Brothers Holdings Inc. (“LBHI”) to support LBHI’s and its U.S. affiliated debtors’ Third Amended Plan. The settlement agreement also provides LBS with i) an allowed intercompany claim of $ 5.174 billion against LBHI; ii) an allowed intercompany claim of $ 74.6 million against Lehman Brothers Special Financing Inc.; and iii) an allowed derivative claim of $ 1.3 million against Lehman Brothers Commercial Corporation.
Please click below to open the Settlement Agreement
Settlement Agreement LBS – Lehman Brothers Holdings Inc
