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Abstract: 

Due to the global nature of the economy, parties may need to analyze the avoidance provisions of the United States Bankruptcy Code in the context of prepetition transfers involving multinational debtors and creditors or international financial institutions. Courts are divided on whether the avoidance provisions apply extraterritorially. This article addresses the strict presumption against extraterritoriality established by the Supreme Court and the division in authority amongst courts in applying such a presumption to the avoidance provisions in the context of prepetition transfers.

Keywords: Morrison v. National Australia Bank; RJR Nabisco, Inc. v. European Cmty.; Presumption Against Extraterritoriality

Affiliations:  1: Dentons US LLP (NY); 2: Dentons US LLP (LA).