Another Nod To NY's Separate Entity Rule

Law360, New York (March 28, 2014, 11:55 AM EDT) -- On March 11, 2014, a New York state appellate court affirmed an important decision on the “separate entity” rule that is favorable to all multinational banks that maintain a New York branch. New York’s separate entity rule protects banks from judgment creditors that seek to restrain or attach assets located outside of New York by serving process on a bank’s New York branch.

The continued viability of that rule has been called into question since the 2009 Court of Appeals decision in Koehler v. Bank of...
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