SIFMA submitted an Amicus “Friend of the Court” Brief

Court:

U.S. Court of Appeals
(Second Circuit)

Amicus Issues:

Whether the safe harbor provision in Section 546(e) of the Bankruptcy Code, which protects swap transactions from state-law fraudulent transfer claims by the bankruptcy estate, preempts state-law fraudulent transfer claims brought by the debtor’s creditors.

Counsel of Record:

Freshfields Bruckhaus Deringer US LLP

Marshall H. Fishman
Timothy P. Harkness
David Y. Livshiz

Other Amici:
International Swaps and Derivatives Association, Inc.
NYSE Euronext