(12-05 22:27)
The Financial Services and the Treasury Bureau said the government hopes the Hong Kong Association of Banks will continue to follow up with the trustee of the Lehman Brothers minibonds in trying get back the market value of the minibonds.
A spokesperson for the bureau said that when the government put forward the Lehman Brothers minibond buyback proposal to distributor banks in early October, the government had considered the possible legal risks.
"Compared with the situation where thousands of investors will have to face the complex legal issue involved in the liquidation of Lehman, the [HKAB] Task Force [on Lehman Minibonds] can play a crucial role in helping individual investors to handle the legal hurdles," the spokesperson said.
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