New York Appeals Panel: Reinsurer’s Loan Was Not A Fraudulent Conveyance

Mealey's (June 21, 2017, 11:55 AM EDT) -- NEW YORK — A reinsurer’s loan was not a fraudulent conveyance because a loan advance, regardless of the size of the collateral pledged, is “fair consideration” for the pledge, the First Department New York Supreme Court Appellate Division ruled June 20 (Stillwater Liquidating LLC v. Partner Reinsurance Company Ltd., et al., No. 4339 652451/15, N.Y. Sup., App. Div., 1st Dept., 2017 N.Y. App. Div. LEXIS 4965)....

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