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Expert Analysis

Spotlight On The Section 546(e) Rift

Law360, New York (November 3, 2015, 11:38 AM EST) -- On Sept. 10, 2015, in light of new evidence presented, the United States Bankruptcy Court for the Northern District of Illinois entered an order vacating its April 24, 2015, ruling in Krol v. Key Bank National Association (In re MCK Millennium Centre Parking LLC), which held that certain payments on securitized loans were protected by the safe harbor provision of Bankruptcy Code Section 546(e). (Case No. 14-00392 (Bankr. N.D. Ill. Sept. 10, 2015))....

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