Judge Reverses Dismissal Of Adversary Proceeding Challenging Transfers

(August 1, 2023, 1:19 PM EDT) -- NEW YORK — Applying the “conceivable effect” test and finding “related to” jurisdiction, a New York federal judge on July 31 reversed dismissal of a Puerto Rico insurance company’s adversary proceeding against entities it alleged received fraudulent conveyances from a reinsurer that is in liquidation....