What is the test for "creditors' rights preemption"?
MultiRegion, United States of America
The following excerpt is from Holders v. Large Private Beneficial Owners (In re Tribune Co. Fraudulent Conveyance Litig.), 818 F.3d 98 (2nd Cir. 2016):
pre-emption") (internal quotation marks and citation omitted). However, the present context is not such an area. To understate the proposition, the regulation of creditors' rights has "a history of significant federal presence." United States v. Locke, 529 U.S. 89, 90, 120 S.Ct. 1135, 146 L.Ed.2d 69 (2000).
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