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The In re Tousa, Inc fraudulent transfer decision: impacts on debt trading, derivatives trading, and commercial lending
- Morrison & Foerster LLP
- -
- USA
- -
- October 28 2009
A recent decision in the U.S. Bankruptcy Court for the Southern District of Florida, In re Tousa, has received widespread attention for its near-wholesale rejection of insolvency “savings clauses,” and the resulting order requiring lenders to disgorge hundreds of millions of dollars
