As Thai police issue summonses to three KPMG partners
responsible for liquidating Lehman Brothers, attention has
turned to Lehmans joint venture agreement with the
complainant, Destination Properties.
According to reports, Destination Properties alleges that
certain assets held by the JV were sold off by the liquidators
when they should have become property of Destination because
Lehman had breached its investment obligations. IFLR
sources say Destination has applied for an injunction against
the sale, which has been adjourned to allow the liquidators to
present their case.
The injunction, and...