Bank Failure: Lessons from Lehman Brothers

by Faber, Dennis; Vermunt, Niels

• ISBN13: 9780191835391
• ISBN10: 0191835390
• Format: eBook
• Copyright: 2016-11-25
• Publisher: Oxford University Press

Author Biography

Dennis Faber, Professor of Private and Commercial Law, Business & Law Research Centre, Radboud University of Nijmegen,Niels Vermunt, Senior Researcher in Private and Commercial Law, Business & Law Research Centre, Radboud University of Nijmegen

Professor Dennis Faber is Professor of Private and Commercial Law at the Business & Law Research Centre, Radboud University of Nijmegen, Senior Adviser with Clifford Chance LLP, Amsterdam, Justice at the Hague Court of Appeal and Series editor of the Oxford International and Comparative Insolvency Law Series.


Niels Vermunt is a Senior Researcher in Private and Commercial Law at the Business & Law Research Centre, Radboud University of Nijmegen, Adviser with Linklaters LLP, Amsterdam and Series Editor of the Oxford International and Comparative Insolvency Law Series. The proposed contributors are some of the leading scholars and practitioners in the field, and many have been involved directly in the Lehman case.

Table of Contents

Part I: United States Dennis Faber and Niels Vermunt
1. The Rise and Fall of Lehman Brothers, Anton R. Valukas, Robert L. Byman, and Daniel Murray
2. The Liquidation of the New York Brokerage of Lehman Brothers, Ken Caputo, James W. Giddens, and Christopher K. Kiplok
3. Safe Harbor Provisions and the Special Treatment of Financial Contracts, Stephen J. Lubben
4. Substantive Consolidation, Thomas M. Mayer
5. Equitable Subordination in Cross-Border Bankruptcy Proceedings, Harrison L. Denman
Part II: United Kingdom
6. Extended Liens, Hamish Anderson
7. Protection of Client Money in the UK, David Ereira
8. Treatment of Derivatives, Repo and Stock Lending Positions in the Lehman Proceedings, Simon Firth
9. The Scope and Application of the Anti-Deprivation Rule, Sarah Worthington
10. Reuse and Rehypothecation of Financial Collateral, Joanna Benjamin
Part III: Europe
11. Consent Solicitation and the Use of a Composition Plan as a Valuation and Distribution Framework, Dennis Faber, Niels Vermunt, Rutger Schimmelpenninck, and Frederic Verhoeven
12. Valuation of Distressed Financial Instruments, Gareth J. Davies, Mark Helmantel, Dennis Faber, and Niels Vermunt
13. Treatment of Derivative Claims in Cross-Border Insolvency Proceedings, Francisco Garcimartin