|On September 15 2008, Lehman Brothers Holdings Inc. ("LBHI") filed a petition in the United States Bankruptcy Court for the Southern District of New York seeking relief under chapter 11 of the United States Bankruptcy Code. Subsequently, 22 additional affiliates of LBHI filed petitions in the United States Bankruptcy Court for the Southern District of New York seeking relief under chapter 11 of the United States Bankruptcy Code.
Lehman Brothers Singapore Pte Ltd ("LBSPL") and Lehman Brothers Pte Ltd ("LBPL") are wholly owned subsidiaries of Lehman Brothers Pacific Holdings Pte Ltd. The ultimate holding company of LBSPL and LBPL is LBHI.
The principal activities of LBSPL were those relating to the provision of administrative and operational support to various Lehman Brothers entities which were engaged primarily in providing financial services in this region. LBSPL held a capital markets services licence issued by the Monetary Authority of Singapore ("MAS").
The principal activities of LBPL were those relating to acting as a broker for related companies dealing in financial futures and equities. LBPL held a capital markets services licence issued by MAS and was also a clearing member of Singapore Exchange Limited.
Following the bankruptcy of LBHI and its affiliates in September 2008, LBSPL and LBPL had ceased their respective day-to-day businesses and operations, although they remained to date solvent.
On 21 March 2012, LBSPL and LBPL were voluntarily wound up by way of special resolutions pursuant to Sections 290(1)(b) of the Companies Act (Cap. 50), with Messrs Chay Fook Yuen, Bob Yap Cheng Ghee and Tay Puay Cheng from KPMG Services Pte Ltd appointed as joint and several liquidators of LBSPL and LBPL (collectively "the Liquidators").
For further information, please see Frequently Asked Questions on LBSPL and Frequently Asked Questions on LBPL.
Should you require further information or have any query in relation to LBSPL or LBPL, please send an email to email@example.com.
(Note: This website serves as an information source for LBSPL and LBPL. The information provided in this website is general in nature and is not intended to address any specific matter or issue, in respect of which the position may vary. Please direct any specific query you may have on LBSPL and/or LBPL to the Liquidators via the above hotline. LBSPL, LBPL, and Liquidators and/or its employees, officers or agents shall not be liable for any reliance which may be placed on any information contained in this website.)