The Second Circuit holds that the presumption against extraterritoriality and international comity do not bar recovery of purely foreign transfers.
Key Points:
..The Second Circuit focused on the initial transfer from...more
3/7/2019
/ Asset Transfer ,
Bankruptcy Code ,
Bernie Madoff ,
Clawbacks ,
Comity ,
Extraterritoriality Rules ,
Feeder Funds ,
Foreign Investment ,
Liquidation ,
Non-US Feeder Funds ,
Ponzi Scheme
Possible application of Section 101(22)(A) to safe harbor’s covered entity requirement raises important questions for future transferee defendants.
Key Points:
..Merit Management raises the possibility that customers of...more
4/13/2018
/ Avoidance ,
Bankruptcy Code ,
Chapter 11 ,
Commercial Bankruptcy ,
Covered Entities ,
Financial Institutions ,
Fraudulent Transfers ,
Intracompany Transferees ,
Merit Management Group v FTI Consulting ,
Publicly-Traded Companies ,
Safe Harbors ,
SCOTUS ,
Section 546(e) ,
Securities