Greetings from Your Co-Chairs!
On June 19, 2020, the Commercial Division of New York Supreme Court, New York County, in Progressive Cas. Ins. Co. v.
Seven years (and a trip to the U.S. Supreme Court) later, British Virgin Islands (BVI)-based Fairfield Sentry Limited was in 2017 finally allowed to abandon the 2010 sale transaction it had entered into with Farnum Place, LLC in which Farnum had agreed to purchase Fairfield’s claims (collectively, the “claim”) filed in the liquidation proceeding of Bernard L.
Published by the ABI Claims Trading Committee
In the Cayman Islands, as in other jurisdictions, those with an economic interest in the outcome of the restructuring or insolvency procedure will have an influence on the type of procedure used and the course of the restructuring or liquidation process.
Recently, the U.S.
Welcome to the Claims Trading Committee! Please take a moment to review our mission statement. Our goal is to make the committee the “go to” resource with respect to claims trading.
To join the committee, please click the link to the right "Join This Committee." We look forward to working with you.
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