Corporate & Securities Law Community | LexisNexis
Featured Content
  • Add content to My Page

    Select any content type from the list, once selected it will be automatically added to your 'My Page'.


    You are not logged in. Please Login to add content to your community page

  • ARTICLES BY MARTINDALE
  • Court Rules that Blocked Electronic Fund Transfers Are Not Attachable under New York Property Law, Creates Split in Southern District of New York

01/23/2012 07:00:00 PM EST

Court Rules that Blocked Electronic Fund Transfers Are Not Attachable under New York Property Law, Creates Split in Southern District of New York

Posted by

Banking & Financial services Articles on Martindale.com

A recent decision in the Southern District of New York holds that blocked proceeds of electronic fund transfers (EFTs) held by banks are not subject to attachment in satisfaction of judgments on claims premised on acts of terrorism. This decision creates Read More...