14 Feb 2017
RE LEHMAN BROTHERS ASIA LTD (In Liquidation)
- Citation
- RE LEHMAN BROTHERS ASIA LTD (In Liquidation)
- Court
- Court of First Instance
- Case number
- HCMP2265/2016
The court sanctioned each scheme because the statutory requirements were satisfied (proper notice, adequate explanatory statements, and statutory majorities voted in favour), a single class was justified by the creditors' common interest in avoiding expensive and uncertain litigation, and the scheme terms (including specified PLI methodology and a 50% discount on non-provable claims) were ones that an intelligent and honest creditor could reasonably approve.