Insolvency & Restructuring, Sweden updates

 
Knowledge of counterparty's insolvency in claw-back case
  • Sweden
  • 15 December 2017

A bankruptcy estate may take action for the claw back of transactions that have been carried out in relation to a certain creditor before the initiation of bankruptcy proceedings, if such transactions have been adverse to the interests of other creditors. Certain transactions can be reversed during a five-year hardening period if the relevant creditor knew, or should have known, that the debtor was insolvent when the transactions were undertaken.

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