In a decision likely to have a knock-on effect for future fraudulent transfer defense and valuation litigation, the Delaware bankruptcy court recently ruled that the price agreed in the sale of an oil and gas company closed...more
6/28/2023
/ Arm's Length Principle ,
Bankruptcy Court ,
Business Litigation ,
Commercial Bankruptcy ,
Corporate Sales Transactions ,
Delaware ,
Fair Market Value ,
Fraudulent Transfers ,
Oil & Gas ,
Purchase Price ,
Retained Asset Accounts ,
Sale of Assets ,
Settlement ,
State and Local Government ,
Statement of Opinion ,
Valuation
The US Court of Appeals for the Tenth Circuit has ruled that proceeds from property that was fraudulently transferred cannot be recovered under Section 550 of the Bankruptcy Code. ...more