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Home / Opinion Digests / Bankruptcy – Fraudulent Conveyance – Energy Company – ‘Swap Agreements’ (access required)

Bankruptcy – Fraudulent Conveyance – Energy Company – ‘Swap Agreements’ (access required)

On interlocutory appeal by three customers of a bankrupt natural gas distributor, the 4th Circuit reverses a bankruptcy court order that the trustee could avoid the customers’ contract with debtor distributor, and remands the case for further evaluation under the court’s guidelines for “commodity forward agreements.” Debtor National Gas Distributors LLC is a distributor to industrial, ...