Linklaters advises on deal to return assets to Lehman clients
Linklaters has advised administrators PwC on a claim resolution agreement (CRA), an arrangement for the return of assets to clients, which is now unconditional after receiving the support of 90 per cent of Lehman Brother’s former clients.
A multi-disciplinary team led by banking partner David Ereira worked on the CRA, under which PwC expects to return more than $11bn worth of assets. The team also included capital markets partners Michael Voisin and Pauline Ashall, financial regulation partner Stephen Fletcher, tax partner Mark Kingstone and litigation partner Nick Porter.
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