Second Circuit Allows Extraterritorial Application of Sections 548 and 550
Neither comity nor the presumption against extraterritorial application of U.S. statutes bars trustees from suing to recover subsequent transfers made abroad.
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Case Details
Judge Name
Case Citation
In re Picard, Trustee for the Liquidation of Bernard L. Madoff Investment Securities LLC, 17-2992 (2d Cir. Feb. 25, 2019)
Case Name
In re Picard, Trustee for the Liquidation of Bernard L. Madoff Investment Securities LLC
Case Type
Business