Hunter Blain

Hunter Blain

Kramer Levin Naftalis & Frankel LLP

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Second Circuit Holds That So-Called “Flip” Clause Payments Are Protected by Section 560 of the Bankruptcy Code

In Lehman Brothers Special Financing Inc. v. Branch Banking & Trust Co. (In re Lehman Brothers Holdings Inc.), No. 18-1079, --F.3d--, 2020 WL 4590247 (2d Cir. Aug. 11, 2020), the Second Circuit held that provisions in a swap...more

9/9/2020  /  Bankruptcy Code , Collateralized Debt Obligations , Commercial Bankruptcy , Flip Transactions , Lehman Brothers , Liquidation , Swaps , Termination Payments
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