Legal Opinion
In re Fairfield Sentry Ltd.
United States Bankruptcy Court, S.D. New York
Decided January 10, 2013No. 10-13164 (BRL)PublishedCited by 7 opinions
1Opinion of the Court
MEMORANDUM DECISION AND ORDER DENYING RELIEF REQUESTED IN THE FOREIGN REPRESENTATIVE’S APPLICATION FOR CONSIDERATION OF SIPA CLAIM ASSIGNMENT TRANSACTION CONTEMPLATED BY TRADE CONFIRMATION PURSUANT TO SECTIONS 105(a), 363(b), 1507(a), 1520(a)(2) AND 1521(a) OF THE CODE
BURTON R. LIFLAND, Bankruptcy Judge.
This is a pure and simple case of seller’s remorse. A Chapter 15 foreign representative sold his Madoff SIPA1 claim to the buyer, Farnum Place, LLC (“Far-num”) 2 in an arms-length transaction following months of good faith negotiations (the “SIPA Claim Sale” or “Sale”). Unre-latedly, three…
2Cases cited20 opinions
- Butner v. United StatesSupreme Court of the United States · 1979
- Hilton v. GuyotSupreme Court of the United States · 1895
- Norwest Bank Worthington v. AhlersSupreme Court of the United States · 1988
- In Re Bernard L. Madoff Investment Securities LLCCourt of Appeals for the Second Circuit · 2011
- Peterson v. Islamic Republic of IranCourt of Appeals for the Ninth Circuit · 2010
15 more not listed; retrieve them via the Exa API.
3Cited by7 opinions
- British American Insurance v. Fullerton (In re British American Insurance)United States Bankruptcy Court, S.D. Florida. · 2013
- In re Octaviar Administration Pty Ltd.United States Bankruptcy Court, S.D. New York · 2014
- In re Berau Capital Resources Pte Ltd.United States Bankruptcy Court, S.D. New York · 2015
- Krys v. Farnum Place, LLCCourt of Appeals for the Second Circuit · 2014
- In re OI S.A.United States Bankruptcy Court, S.D. New York · 2018
2 more not listed; retrieve them via the Exa API.