Interbulk, Ltd. v. Louis Dreyfus Corp. (In Re Interbulk, Ltd.)
United States Bankruptcy Court, S.D. New York
1Opinion of the Court
DECISION DENYING MOTION BY LOUIS DREYFUS CORPORATION FOR SUMMARY JUDGMENT DECLARING NON-AVOIDABILITY OF CERTAIN PRE-PETITION TRANSFERS
TINA L. BROZMAN, Chief Judge.
INTRODUCTION
The Bankruptcy Code (the “Code”) provides a trustee 1 with many powers, among them the power under section 547(b) to avoid prepetition transfers if certain conditions are met. Not all facially qualifying transfers may be avoided, however, for section 546 provides limitations on the trustee’s avoiding powers, one of which applies to transfers related to swap agreements.
Here, the debtor, Interbulk, Ltd. (“In-terbulk”) has…
2Cases cited16 opinions
- Anderson v. Liberty Lobby, Inc.Supreme Court of the United States · 1986
- Celotex Corp. v. Catrett, Administratrix of the Estate of CatrettSupreme Court of the United States · 1986
- United States v. Ron Pair Enterprises, Inc.Supreme Court of the United States · 1989
- Romero v. International Terminal Operating Co.Supreme Court of the United States · 1959
- Patterson v. ShumateSupreme Court of the United States · 1992
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- Hutson v. E.I. Du Pont De Nemours & Co. (In Re National Gas Distributors, LLC)Court of Appeals for the Fourth Circuit · 2009
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