NY Separate Entity Rule Upheld In Foreign Assets Row

Law360, New York (October 24, 2012, 10:53 PM EDT) -- A New York state judge on Monday upheld the state’s separate entity rule that prevents judgment creditors from going through a bank's New York branch in attempting to seize the foreign assets the bank holds.  

Judge Ellen M. Coin found that Adnan Abu Ayyash, the owner of a collapsed Lebanese bank, could not compel the New York branches of banks to release information to aid his investigation of the financial assets of Rana Abdul Rahim Koleilat, a woman who allegedly stole from his bank and fled...
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