Supplemental Comments on Digital Asset Markets (Joint Trades)
SIFMA and joint associations provided additional comments to the President’s Working Group (PWG) on Digital Asset Markets Chair in support…
Summary
Court:
U.S. Court of Appeals
(Second Circuit)
Amicus Issue:
Whether, in a SIPA liquidation, a subsequent transferee’s good faith under Section 550(b) should be decided under a subjective willful blindness standard or an inquiry notice standard. Whether, in such a proceeding, the burden of pleading a lack of good faith is appropriately placed on the trustee.
Counsel of Record:
Wachtell, Lipton, Rosen & Katz
Emil A. Kleinhaus
Other Amici:
American Bankers Association
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