Administrators of Lehman Brother’s European arm have lodged an appeal at the
High Court against a ruling which
down an ambitious plan to fast-track the return of creditor assets.
Joint administrators Steve Pearson and Tony Lomas confirmed that the appeal
had been lodged at the High Court at the end of last week.
The Scheme would have seen creditors with similar claims put into groups, but
the High Court rejected it on the basis it lacked the “jurisdiction” to modify
the rights of those with property assets.
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies
Smith & Williamson has been appointed administrators of charity 4Children