But Only From Sea to Shining Sea: U.S. Court Limits the Reach of U.S. Bankruptcy Code

22.11.2016 | Client Advisory

Last week, Judge Rakoff of the U.S. District Court for the Southern District of New York addressed whether section 550(a)(2) of the U.S. Bankruptcy Code applies to wholly foreign transfers. This Client Advisory discusses Judge Rakoff’s decision and its implications for non-U.S. creditors. ׂ

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