SIFMA - Securities Industry and Financial Markets Association Inc.

05/31/2023 | Press release | Distributed by Public on 05/31/2023 12:32

Kahle v. Cargill, Inc.

U.S. District Court
(petition for interlocutory review)

Amicus Issue:
Whether the federal Bankruptcy Code safe harbor for payments made pursuant to swap transactions apply not only to a trustee in a federal bankruptcy proceeding, but also to an assignee in a state insolvency proceedings who seeks to avoid swap payments.

Counsel of Record:
Mayer Brown LLP

Nicole A. Saharsky
Curtis A. Doty

Other Amici:
Int'l Swaps and Derivatives Assoc.
Futures Industry Assoc.
Managed Funds Assoc.