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International Law

: jurabilis - German bLAWg from Berlin.

Krisengewinnler der Lehman-Pleite

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The biggest winner will be New York-based law firm Weil, Gotshal & Manges, Lehman's adviser, with an estimated $209 million in fees, said Lynn LoPucki, who teaches bankruptcy law at Harvard University in Cambridge, Massachusetts. His projections are based on fees paid for other large bankruptcies, including the most expensive to date, Enron Corp.

Lehman, with debt of about $613 billion, will need a bankruptcy judge's approval for about $906 million in charges for professional services, LoPucki said. By comparison, court- approved expenses for the bankruptcy of Enron, the world's largest energy trader until its 2001 collapse, totaled $757 million, of which $149.4 million went to Weil.
[Bloomberg mit Details zu den Rates]

Diese Zahlen muss man sich in aller Ruhe auf der Zunge zergehen lassen.

Full post as published by jurabilis - German bLAWg from Berlin. on October 23, 2008 (boomark / email).

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