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Second Circuit Seems Primed to Give Extraterritorial Effect to Avoiding Powers

A reversal in the Second Circuit would mean that trustees can recover from subsequent recipients of fraudulent transfers, even if the subsequent transfers were made abroad.

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Case Details

Judge Name

Jed Rakoff

Case Citation

In re Picard, 17-2992 (2d Cir.)

Case Name

In re Picard

Case Type

Business
Court