June 17th in Accountancy News, Accountancy Profession, Lehman, PwC by Editor .
PwC goes for “Consensual Approach” on Lehman administration
Meaning…?
If all the creditors are nice to each other and can just get along, they will get to divvy up £7.3bn and save a lot of cash in the process.
Or as Steven Pearson, joint administrator and partner at PwC put it: “The consensual approach is an innovative mechanism which will enable the claims to be determined in an expeditious manner, resulting in significant time and cost savings to both unsecured creditors and Lehman Brothers Europe.” (CityAM)
Keeping it simple.









