Nov
21
2016
- 11 U.S.C.
Ruling:
Trustee’s claims to recover subsequent transfers that made by initial transferee funds thatwere debtors in foreign insolvency proceedings dismissed on grounds of international comity.(Bankr. S.D.N.Y.)
Issue:
Liability of Transferee of Avoided Transfer; Trustee’s Right to Recover Transferred Property; Recovery From Immediate or Mediate Subsequent Transferee.
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Commercial case opionion summary, case decided on November 21,2016, LexisNexis #1216-112