Foreign Investors and Foreign Banks Can Breathe a Little Easier as the Madoff Trustee’s Efforts to Claw Back Foreign Transfers Are Rebuffed
The Banking Law Journal
November/December 2014

Partner Sarah Reid co-authored The Banking Law Journal article “Foreign Investors and Foreign Banks Can Breathe a Little Easier as the Madoff Trustee’s Efforts to Claw Back Foreign Transfers Are Rebuffed.”  The article discusses the recent decision in Securities Investor Protection Corporation v. Bernard L. Madoff Investment Securities LLC (In re Madoff Securities), which significantly limited the power of U.S. bankruptcy law to reach foreign investors and their banks.