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The Express newspaper is reporting that PWC have made £290 million from the administration of Lehman Brothers, to date. This figure might sound high but when put in the context of £12 billion realisations one might conclude otherwise. The difficulty of obtaining those realisations, or otherwise, may be examined on Thursday this week when PWC's latest report into the administration is published. PWC's excellent Lehman administration website can be seen here.
Elsewhere the Judicial Appointments Commission has advertised a vacancy for a Bankruptcy Registrar with an advert entitled, "Unusual chance to go from practice to full-time judicial role." Does this mean bankruptcy is unusual? If you are tired of earning large amounts of money (see above) the post could be for you. You will of course still have to work incredibly hard! The advert notes, "...relevant experience in chancery practice or insolvency law is more important than a judicial background." Does this mean an IP could apply for the post which has previously been the exclusive domain of solicitors and barristers?
"This is the ultimate statement of where the law on IVAs is to be found in our great common law...