The Long Jurisdictional Reach of Picard
By Ethan Yaro Near the end of 2019 the Second Circuit reached a decision in In re Irving H. Picard, Tr. for Liquidation of Bernard L. Madoff Investment Securities (hereinafter “Picard”), holding that a United States bankruptcy court has jurisdiction over international transfers between two international entities.[1] The Picard case stems from the Bernie Madoff […]
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