Samson Energy Co News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stay updated with breaking news from Samson energy co. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Top News In Samson Energy Co Today - Breaking & Trending Today

Delaware Bankruptcy Court Weighs in: Debtors Are Not Excluded From Bankruptcy Code's Definition of "Financial Participant" and Safe Harbor | Weil, Gotshal & Manges LLP


Introduction
In a recent decision, the U.S. Bankruptcy Court for the District of Delaware (Shannon, J.) rejected an argument that the safe harbor provision of section 546(e) of the Bankruptcy Code is not available to debtors because section 101(22A)’s definition of “financial participant” excludes debtors. Instead, the court in
Kravitz v. Samson Energy Co., LLC (
In re Samson Res. Corp.), No. 15-11934 (BLS), 2020 WL 7700693 (Bankr. D. Del. Dec. 23, 2020) held that the term “financial participant” does not exclude debtors. In reaching its conclusion, the court conducted an in-depth textual analysis of the statute, ultimately settling on a “natural reading” and “plain text” interpretation. The court’s holding which is contrary to a decision by the U.S. District Court for the Southern District of New York may serve as useful precedent for debtors seeking to utilize the safe harbor provision of section 546(e) as an affirmative defense against av ....

New York , United States , Samson Resources Corporation , Us Bankruptcy Court , Tribune Co , Delaware State Police Federal Credit Union , Debtor Samson Investment Company , Samson Energy Co , United States Bankruptcy Court , Us District Court , Tulip Acquisition Corp , Samson Settlement , Kb Toys Inc , Samson Investment Company , Bankruptcy Code , Southern District , Stock Purchase Agreement , Tulip Acquisition , Samson Tulip , Samson Investment , Debtor Samson Tulip , Selling Shareholders , Debtor Samson Investments , Redemption Cash Transfers , Purchase Cash Transfers , Debtor Samson Investment ,

Delaware Bankruptcy Court Determines that Section 546(e) "Financial Participant" Does Not Exclude Debtors, Splitting from SDNY Decision | Kramer Levin Naftalis & Frankel LLP


Statutory Background
Section 546(e) of the Bankruptcy Code, known as the “safe harbor” provision, shields specified types of payments from a bankruptcy trustee’s avoidance powers, including certain transfers “made by” a “financial participant” in connection with a “securities contract.” The scope of Section 546(e) has been the subject of extensive debate.
In re Samson Resources Corp. presented the specific question of whether a debtor can be considered a “financial participant” for the purposes of Section 546(e). In short, a “financial participant” is defined by Bankruptcy Code § 101(22A) as (A) an entity, (B) who has one or more required agreements, (C) in the required amounts, (D) with “the debtor or any other entity (other than an affiliate).” ....

New York , United States , Brendan Shannon , Kramer Levin , Peter Kravitz , Delaware Bankruptcy Court Decision , Delaware Bankruptcy Court , Tribune Co , Samson Energy Co , Samson Resources Corporation , Deposit Insurance Corporation Improvement , Supreme Court , Samson Investment Company , Samson Resources Corp , Kramer Levin Naftalis Frankel , Bankruptcy Court , Kramer Levin Naftalis , Bankruptcy Code , Samson Resources , Bankruptcy Code Sections , Southern District , Middle District , Fraudulent Conveyance Litig , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , பிரெண்டன் ஶ்யாநந் ,