Greenberg Traurig's NY Bill May Aid Russian Oligarch Client

Law360 (June 16, 2021, 6:59 PM EDT) -- Greenberg Traurig successfully lobbied for a New York state bill that will make it harder to enforce foreign judgments, which could be worth $700 million or more to a Vladimir Putin-linked Russian oligarch who is a client of the firm. The state senator who sponsored the bill had no idea.

Signed into law on Friday, the revision to Article 53 of the Civil Practice Law & Rules benefits the oligarch — who is fighting more than a billion dollars in U.K. judgments after his divorce — by ending New York's "traditional generosity" in recognizing foreign country judgments, according to attorneys who...

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