Parties structuring certain financial transactions to comply with the Bankruptcy Code safe harbor provisions, including protections from the avoidance powers in Section 548 of the Bankruptcy Code, must be cognizant of recent...more
On August 11, 2020, the United States Court of Appeals for the Second Circuit affirmed lower court decisions rejecting Lehman Brothers Special Financing Inc.’s (“LBSF”) attempt to recover nearly $1 billion in payments to...more
On December 19, 2019, the United States Court of Appeals for the Second Circuit (the “Second Circuit”) affirmed a ruling of the United States District Court for the Southern District of New York (the “District Court”)...more
1/8/2020
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Appeals ,
Bankruptcy Code ,
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Clearing Agencies ,
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Debt Restructuring ,
Financial Institutions ,
Fraudulent Conveyance ,
Intermediaries ,
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Motion to Dismiss ,
Safe Harbors ,
Section 546(e) ,
Securities Transactions ,
Shareholders ,
Unsecured Debt