Lehman Brothers Announce Voluntary Liquidation
Three and a half years after the collapse of Lehman Brothers, the respective Boards of Lehman Brothers Pte Ltd (LBPL) and Lehman Brothers Singapore Pte Ltd (LBSPL) have informed the Monetary Authority of Singapore (MAS) that LBPL and LBSPL have been placed under voluntary liquidation.
MAS has been informed by LBPL and LBSPL that based on their respective records as at 31 January 2012, they held a net cash position of US$331,796,699 and US$39,660,340 respectively. The liquidators will deal with the assets of the entities in accordance with the relevant liquidation rules.
MAS is releasing this information in public interest and is not in any way providing legal advice to investors. Investors may choose to obtain independent advice on their next course of action, based on their own particular circumstances.
The Liquidators KPMG have provided a set of FAQs and established a hotline to answer queries on the liquidation.
Based on the answers given in the FAQ, LBSPL only acted as an Arranger for the Minibond programme and investors of the Lehman Minibonds would not be creditors of LBSPL under the relevant legal documentation.
As for LBPL, it had no role to play in the entire Minibond programme.
The contact details of the liquidator’s hotline are as follows:
Email address: [email protected]; Hotline: +65 8183 8014