Lehman Brothers court, building on Semcrude and Swedbank decisions, denies triangular setoff by swap counterparty

Date

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Location
USA
Authors
Jeff J. Friedman
Firm
Katten Muchin Rosenman LLP
Tags
USA
New York
Derivatives
Insolvency & Restructuring
Litigation
Katten Muchin Rosenman LLP
Bankruptcy
Debtor
Collateral (finance)
Safe harbor (law)
Swap (finance)
Debt
Common law
Title 11 of the US Code
Lehman Brothers
Delaware Supreme Court
United States bankruptcy court
US District Court for SDNY