Flip Clauses in Swaps Held Enforceable by District Judge in New York
For swaps, the Section 560 safe harbor overrides the anti-ipso facto provisions in the Bankruptcy Code.
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Learn MoreCase Details
Judge Name
Case Citation
Lehman Brothers Special Financing Inc. v. Bank of America NA (In re Lehman Brothers Holdings Inc.), 17-1224 (S.D.N.Y. March 14, 2018)
Case Name
In re Lehman Brothers Holdings Inc.
Case Type
Business