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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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Opinion Link

Case Details

Judge Name

Richard C. Wesley

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
Court