Lehman Brothers Treasury Co. B.V. (“LBT”) was declared bankrupt (in staat van faillissement verklaard) by the Amsterdam District Court on 8 October 2008 with the appointment of Rutger Schimmelpenninck and on 13 October 2009 Frédéric Verhoeven as bankruptcy trustees (curatoren) (the “Bankruptcy Trustees”). On 10 December 2012, LBT offered a Composition Plan to its creditors. The Amsterdam District Court has confirmed (gehomologeerd) the Composition Plan on 22 March 2013. The decision has been published on the LBT Website and on www.rechtspraak.nl.
The ultimate date for appealing the decision of the District Court was 2 April 2013. According to the administration of the Amsterdam Court of Appeal, until 3 April 2013 no appeal against the District Court’s confirmation decision has been lodged. The absence of appeal means the Composition Plan became effective as of 3 April 2013. As of 3 April 2013, the Bankruptcy Trustees have been appointed as liquidators of LBT (the “Liquidators”).
In 2019, LBT concluded a Partial Wind-Down of the estate, which included a solicitation process with its creditors, the sale of a portion of LBT’s intercompany claim against LBHI, and a final distribution to certain of its creditors funded in large part by the proceeds of this sale transaction. The objectives of the Partial Wind-Down were simplification of the LBT estate, reduction of operating costs and preparation of the LBT estate for a final wind-down.
The purpose of this website is to inform noteholders (“Noteholders”) and other creditors of LBT about the liquidation.
The Liquidators make information available in the following ways:
1. General information regarding LBT, such as court decisions, the articles of association, and the list of filed claims can be found under “General information“.
2. The composition plan, as well as the related information and court approval, can be found under “Composition Plan“.
3. All information regarding the Partial Wind-Down that took place in 2019 can be found under “Partial Wind-Down“. This information also includes press releases regarding the Partial Wind-Down.
Every year the Liquidators will publish financial statements. In addition, the Liquidators will publish public reports once a year. These periodic reports can be found under “Periodic reports“. This website serves for information purposes only. The information contained in this website is based on information which is not complete and subject to change. Noteholders who wish to obtain advice regarding their rights and obligations under the notes are advised to consult independent counsel.
Please read the disclaimer.