SALT & Pepper
Attachment of New York Correspondent Accounts Limited
March 27, 2014
Authored by: Eric (Rick) Rein
In:
International Asset RecoveryProvisional remedies are a powerful tool for creditors. In New York, two recent cases have limited a creditor’s ability to attach funds of a defendant at a foreign bank with a correspondent banking relationship with a New York bank.
Read MorePhilip Seymour Hoffman and Your Estate Plan
March 14, 2014
A lot has been written recently about how Philip Seymour Hoffman could have improved his estate plan. However, his mistakes are not uncommon.
Read MoreFreezing Injunctions in Italy
February 26, 2014
Authored by: Eric (Rick) Rein
In:
International Asset RecoveryIn Italy, Article 671 of the Italian Civil Code permits a precautionary seizure of property if a creditor has a “valid fear of losing the security for his claim.” The order will prohibit the debtor from disposing of all of his assets and not just specifically identified ones.
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