Funds flowing through New York bank accounts from a British Virgin Islands corporation to its alter ego, a Brazilian-based Panamanian company can be attached in New York to satisfy a judgment against the Virgin Island debtor, a New York state appellate court ruled yesterday.

The Appellate Division, First Department, in Georgia-Pacific Corp. v. Multimark’s International Ltd., 2750, unanimously affirmed Justice Charles Ramos’s grant of Georgia-Pacific Corp’s motion to confirm ex parte orders of attachment against an account held by the Virgin Island corporation, Multimark’s International Ltd., at Bank Audi in New York, and against another account at the same bank maintained by Republican Ltd. of Panama.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]