Following our post on the district court’s extraterritoriality decision, the bankruptcy court dismissed the actions against several defendants on the grounds that the presumption against extraterritoriality and international...more
The Distressed Download Newsletter is a roundup of recent news from Orrick's Distressed Download blog, a resource for the latest news and industry trends in the distressed debt and restructuring markets.
European...more
Recent EU Insolvency Regulation -
The EC Regulations on Insolvency Proceedings (the "EIR") came into force throughout the European Union (the "EU") (except Denmark) on May 31, 2002 with the purpose of setting out the...more
10/7/2015
/ Bankruptcy Code ,
Bernie Madoff ,
Bonds ,
COMI ,
Commercial Bankruptcy ,
Distressed Debt ,
Electricity ,
Environmental Impact Report (EIR) ,
EU ,
High Yield Bonds ,
High-Yield Markets ,
Insolvency ,
Oral Contracts ,
Subordination Agreement ,
UFTA ,
Uniform Voidable Transactions Act (UVTA)
On July 6, 2014, Judge Jed S. Rakoff, United States District Judge for the Southern District of New York, declined to extend the reaches of section 550(a) of the Bankruptcy Code abroad to permit the recovery of funds that...more
7/23/2014
/ Asset Transfer ,
Bankruptcy Code ,
Bernie Madoff ,
Clawbacks ,
Extraterritoriality Rules ,
Feeder Funds ,
Foreign ,
Foreign Investment ,
Fraud ,
Judge Rakoff ,
Liquidation ,
Ponzi Scheme ,
SIPA