New York Bankruptcy Court permits discovery requests In Chapter 15 Case despite potentially conflicting Cayman Islands law
From JD SUPRA On April 17, 2018, the U.S. Bankruptcy Court for the Southern District of New York (the “Court”) issued a decision requiring CohnReznick LLP (“CohnReznick”) to produce documents requested by the foreign representatives (the “Foreign Representatives”) in the chapter…
Presumption against extraterritoriality limits trustee’s ability to recover foreign transfers
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…
