Chapter 11 bankruptcy: recovery of freight payments - Lexology (regi...

11/27/15


Chapter 11 bankruptcy: recovery of freight payments
Lexology (registration)
On 6 January 2009 Equistar filed for Chapter 11 bankruptcy protection in New York. The Trustee of Lyondell and its associated companies sought to recover (by way of avoidance) the sums paid by Equistar to LR2 by alleging they were preferential transfers.

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