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

Russian bankrupt’s New York trust validly revoked, SDNY court finds

By Douglas Thomson

25 October 2019

Russian bankrupt’s New York trust validly revoked, SDNY court finds Manhattan's Upper West Side, home to a number of Markus's New York real estate assets / istock.com/ferrantraite

The Russian bankruptcy trustee of a convicted embezzler, Larisa Markus, validly revoked a New York trust to access funds belonging to her from a London real estate transaction, the New York bankruptcy court has found.