Disagreeing with the much-critiqued SDNY opinion in Enron, the SDNY bankruptcy court disallowed claims brought by secondary transferees because the original claimants allegedly received millions of dollars in fraudulent...more
4/29/2020
/ Avoidable Transfer ,
Bank Fraud ,
Bankruptcy Code ,
Banks ,
Chapter 11 ,
Commercial Bankruptcy ,
Corporate Crimes ,
Criminal Proceeds ,
Debtors ,
Fraudulent Transfers ,
Secondary Markets ,
Section 502
Can foreign transfers of a U.S. debtor be avoided under the Bankruptcy Code’s avoidance provisions? While the Bankruptcy Court for the Southern District of New York recently found that the answer is no, that court, as well as...more
10/18/2017
/ Avoidable Transfer ,
Bankruptcy Code ,
Chapter 7 ,
Commercial Bankruptcy ,
Debt Restructuring ,
Extraterritoriality Rules ,
Foreign Bankruptcies ,
Insolvency ,
Israel ,
Legal Fees ,
Split of Authority