05/31/2023 | Press release | Distributed by Public on 05/31/2023 12:32
Court:
U.S. District Court
(S.D.N.Y)
(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.