Caught in the Corporate Web: Triangular Setoffs and the Cross-Border Lehman Bankruptcy
Newsletter of the Asia Pacific Regional Forum
October 2009

Partner John Dellaportas authored the article, “Caught in the Corporate Web: Triangular Setoffs and the Cross-Border Lehman Bankruptcy,” which discusses Lehman Brothers financial collapse.  In an unprecedented attempt to untangle Lehman's corporate web, on 26 May 2009 representatives of bankrupt Lehman entities in the United States, Hong Kong, Singapore, Australia, Germany, the Netherlands and Luxembourg signed what has been billed as 'the first ever multilateral cross-border insolvency protocol', the Cross-Border Insolvency Protocol for the Lehman Brothers Group of Companies.