New York Court Breaks Down Barriers for Judgment Enforcement in the U.S.
May 22, 2018
Publication: INSOL International News Update
Good news for non-U.S. judgment holders: a recent ruling from a New York state court has further broken down barriers for recognition of a foreign judgment in the U.S., even when the debtor is subject to a foreign insolvency proceeding.
Insolvency and judgment enforcement lawyers, D. Farrington Yates, George V. Utlik, Darryl G. Stein, Stephanie Hauser and Daniel J. Saval discuss the implications the VTB Bank v. Mavlyanov ruling has for judgment creditors looking to enforce their rights in the U.S.
The article, “New York Court Welcomes Foreign Judgment Creditors: Russian Money Judgments Are Recognized, Despite the Debtor’s Pending Insolvency Proceeding in Russia,” which appeared in the May 2018 issue of the INSOL International News Update, is available here.