History will be made and $500 million in funds released to creditors when federal court judge Steven Rares approves a settlement between the liquidators of Lehman Bros Australia and its United States parent in Sydney on Friday.
The federal court settlement is a tribute to the canny international legal tactics adopted by the liquidators, Steve Parbery and Marcus Ayres from PPB. They were advised by Clayton Utz and employed Leon Zwier from Arnold Bloch Liebler to do the face-to-face negotiations in New York.
The settlement not only marks th…
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