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coach tequila

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coach tequila

Re: surfstocks post# 5175

Monday, 12/07/2009 2:08:24 PM

Monday, December 07, 2009 2:08:24 PM

Post# of 17499
As I recall, the UK laws would have made the vehicles that the assets in dispute were under, would have required the assets go to the Trustee/General Partner first to satisfy customers. Then the remaining monies would go to the estate.

US law says that the assets go to the estate and then get disbursed to unsecured creditors prorata. The outcome, if it went in Lehmans favor would have counterparties reconsidering how to structure these types of investment vehicles worldwide.

Coach T

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