On February 25, 2019, the United States Court of Appeals for the Second Circuit issued a decision holding that a trustee is not barred by either the presumption against extraterritoriality or by international comity...more
4/8/2019
/ Appeals ,
Bankrtupcy Code Section 550 ,
Bankruptcy Code ,
Bernie Madoff ,
Comity ,
Extraterritoriality Rules ,
Feeder Funds ,
Foreign Entities ,
Foreign Investment Fund ,
Fraudulent Transfers ,
Insolvency ,
Ponzi Scheme ,
Trustees
On January 4, 2016, the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”) deviated from SDNY precedent and held that, despite the absence of clear Congressional intent, the...more
Dealing a major blow to the trustee’s efforts to recover fraudulent transfers on behalf of the bankruptcy estate of the company run by Bernard Madoff, Judge Jed S. Rakoff of the United States District Court for the Southern...more
8/6/2014
/ Bankruptcy Code ,
Bernie Madoff ,
Commercial Bankruptcy ,
Cross-Border ,
Extraterritoriality Rules ,
Feeder Funds ,
Foreign Investment Fund ,
Fraudulent Transfers ,
Insolvency ,
Judge Rakoff ,
Popular