The trustee for a bankrupt broker can ignore an individual customer’s request to transfer securities to a solvent broker and may instead transfer customer accounts in bulk.
Sept 2018
May 2018
For swaps, the Section 560 safe harbor overrides the anti-ipso facto provisions in the Bankruptcy Code.
Unperformed obligations must be ‘material’ for a contract to be executory.
An asset purchaser cannot escape liability for appropriating the benefits of a contract that was not assumed and assigned.
A case on the ability of state law to take property out of the estate after filing may not go to the Supreme Court.
April 2018