The Federal Reserve recently announced that it’s Municipal Liquidity Facility (MLF) is taking applications from eligible issuers and will soon purchase notes at the following interest rates.
USA, Capital Markets, Insolvency & Restructuring, Frost Brown Todd LLP, Coronavirus, Paycheck Protection Program
The District Court for the Southern District of New York has ruled that a trustee could not amend a complaint to add federal constructive fraudulent transfer claims because those claims were preempted by the safe harbor provision of the Bankruptcy Code.[1] The District Court found, under a plain language reading of the safe harbor provision, 11 U.S.C.
USA, New York, Insolvency & Restructuring, Litigation, Caplin & Drysdale, Chartered, Title 11 of the US Code, Second Circuit