A London judge ruled that the administration of Lehman Brothers International Europe could be concluded, with the company having satisfied all of its creditors. Administrators have nothing left to do, with most creditors of LBIE paid in full with statutory interest, and a few of LBIE's subsidiaries will likely continue in administration for a brief period of time, before also being liquidated.
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Lehman’s London arm to close, 17 years and £28b later
“The Lehman’s case is so unusual that is unlikely to ever be repeated,” Hildyard said at Wednesday’s hearing. “It’s a seminal moment.”
