NAIC: Financial Analysis Solvency Tools Working Group (E) – Complex Ownership Structures (SIFMA AMG)
SIFMA AMG provided comments to the National Association of Insurance Commissioners (NAIC) on the Financial Analysis Handbook Exposure Draft.
Court:
U.S. Supreme Court
(petition for writ of cert.)
Amicus Issue:
Whether (i) the avoidance/recovery provisions of the Bankruptcy Code permit a debtor to clawback transfers made from a foreign fund to foreign investors, or whether such claims are barred by the presumption of extraterritoriality, and (ii) the doctrine of international comity warrants the dismissal of the Trustee’s claims because of the conflict those claims pose with the liquidation proceedings of the feeder funds, which are pending in the BVI, the Cayman Islands, and other offshore jurisdictions.
Counsel of Record:
Walden Macht & Haran LLP
Jeffrey A. Udell
George W. Kroup
Devon Little
Richard A. Fox
Other Amici:
U.S. Chamber of Commerce
Institute of International Bankers
SIFMA AMG provided comments to the National Association of Insurance Commissioners (NAIC) on the Financial Analysis Handbook Exposure Draft.
SIFMA and SIFMA AMG provided comments to the U.S. Securities and Exchange Commission (SEC) and reiterated comments made in their…
SIFMA, The American Bankers Association (ABA), the American Fintech Council (AFC), the Bank Policy Institute (BPI), the Electronic Transactions Association…