Sahamitr Pressure Container Plc. v. United States

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that Congress intended extraterritorial application of Section 548 of the Bankruptcy Code
• “[T]he Code’s avoidance provisions protect creditors by preserving the bankruptcy estate against illegitimate de- pletions.”
• “To determine whether Congress has expressed such an affirmative intention, courts may look to ... the text of the statute, the overall statutory scheme, and legislative history.”
• “Congress thus demonstrated an affirmative intention to allow avoidance of transfers of foreign property that, but for a fraudulent transfer, would have been property of the debtor’s estate.”
• “[T]he Code’s avoidance provisions protect creditors by preserving the bankruptcy estate against illegitimate depletions.”

Source: CourtListener parenthetical corpus (CC0).