Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events

US judge doubts jurisdiction over Fairfield Sentry clawbacks

By Douglas Thomson

08 August 2018

Liquidators of Madoff feeder fund Fairfield Sentry cannot use a New York forum selection clause in a subscription agreement to assert jurisdiction over foreign defendants in 305 different adversary proceedings, a US bankruptcy court has ruled.