 Article
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District Court Affirms That Principles of Comity Insufficient to Confer Chapter 15 Jurisdiction to Bear Stearns Hedge Funds |
June 30, 2008
Previously published on June 17, 2008
In the recent case In re Bear Stearns High-Grade Structured Credit Strategies Master Fund, Ltd., 2008 U.S. Dist. LEXIS 41456 (S.D.N.Y. May 27, 2008), the U.S. District Court for the Southern District of New York affirmed a U.S. Bankruptcy Court ruling that two failed Bear Stearns Cos. hedge funds (the "Funds") were not eligible for protection under the recently enacted Chapter 15 of the Bankruptcy Code.
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The views expressed in this article are solely the views of the author and not Martindale-Hubbell. This article is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
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