Bank Failure: Lessons from Lehman Brothers
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127 798 Ft
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Product details:
- Publisher OUP Oxford
- Date of Publication 16 March 2017
- ISBN 9780198755371
- Binding Hardback
- No. of pages432 pages
- Size 248x182x30 mm
- Weight 908 g
- Language English 0
Categories
Short description:
The first book to analyse the legal, commercial, and economic issues to arise in the Lehman Brothers litigation written by key advisers on the case.
MoreLong description:
This new book analyses the legal and practical issues experienced during the Lehman Brothers litigation, the largest and most complex bankruptcy proceedings in history. By examining the issues the work provides a useful reference source for future large scale and cross-border bankruptcy proceedings of multinational groups.
The author team includes experts from the various jurisdictions in which Lehman Brothers was operative, many of whom were involved in the litigation. The authors set out practical solutions to the issues faced, concerning, for example, the use of existing payment and settlement systems for consent solicitation, and filing instructions and insolvency distributions. Economic challenges, such as the valuation of distressed financial instruments, are also considered. Additionally, the book provides a critique of the current law, analysis of the interpretation and scope of core legal principles and makes recommendations for regulatory reform and judicial cooperation.
In this book first-hand accounts by key parties in the insolvency proceedings with expertise on the main issues are complemented by the views of selected independent experts to provide the first complete work on this ground-breaking litigation.
Surely Bank Failure will become the definitive work of reference on this vexed subject ... This must be one of the few legal texts around that reads almost like a medieval cautionary tale, albeit a detailed and protracted one, based on thorough and detailed research and also the personal experience and familiarity with the Lehman Brothers matter on the part of the majority of the of the books twenty-two contributors who include main insiders and third party experts.
Table of Contents:
Part I: United States
The Rise and Fall of Lehman Brothers
The Liquidation of the New York Brokerage of Lehman Brothers
Safe Harbor Provisions and the Special Treatment of Financial Contracts
Substantive Consolidation
Equitable Subordination in Cross-Border Bankruptcy Proceedings
Part II: United Kingdom
Extended Liens
Protection of Client Money in the UK
Treatment of Derivatives, Repo and Stock Lending Positions in the Lehman Proceedings
The Scope and Application of the Anti-Deprivation Rule
Reuse and Rehypothecation of Financial Collateral
Part III: Europe
Consent Solicitation and the Use of a Composition Plan as a Valuation and Distribution Framework
Valuation of Distressed Financial Instruments
Treatment of Derivative Claims in Cross-Border Insolvency Proceedings
