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Secondary Market Transaction Results in U.S. Court Jurisdiction Over Foreign Lender

By Mark Tsukerman on March 22, 2017
Posted in Bankruptcy, Bankruptcy Litigation

Foreign financial institutions that trade dollar-denominated securities on the secondary market may not appreciate that they could be forced to defend an action arising from such a transaction in a U.S. court.  That is what happened, however, to an Austrian bank that purchased a $10 million interest in a syndicated $1.5 billion term loan on…

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