August 1, 2012
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Lesson from Lehman Brothers for Hedge Fund Managers: The Effect of a Bankruptcy Filing on the Value of the Debtor’s Derivative Book |
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London Bankruptcy & Reorganization Partner Solomon J. Noh published an article in The Hedge Fund Law Report: “Lesson from Lehman Brothers for Hedge Fund Managers: The Effect of a Bankruptcy Filing on the Value of the Debtor’s Derivative Book.” The article examines why outstanding derivatives transactions were one of the principal reasons that Lehman’s chapter 11 bankruptcy filing resulted in such extraordinary losses for the Lehman estate. The article also discusses how the Dodd-Frank Wall Street Reform and Consumer Protection Act enacted by the U.S. Congress creates a framework to prevent the potential future meltdown of systemically important U.S. financial businesses. |