October 19, 2021

Presumption against extraterritoriality limits trustee’s ability to recover foreign transfers

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By Edward Neiger Edward Neiger From Law.com In Securities Protection Corporation v. Bernard L. Madoff Investment Securities LLC (In re Madoff Securities), 2014 WL 2998557 (S.D.N.Y. July 6, 2014), the trustee appointed under Securities Investor Protection Act (SIPA) to administer the estate of the broker-dealer commenced an action under 550(a)(2) of the Bankruptcy Code to […]