A New York branch of a foreign bank must turn over all the information it has about accounts belonging to judgment debtors, including those in foreign jurisdictions, a panel of the Appellate Division, First Department, ruled Tuesday.
Although bank accounts held outside New York cannot be frozen or seized to satisfy a New York judgment, an information subpoena can be used to determine where the accounts are located within the bank, in this case, Mega International Commercial, a unanimous panel said in an opinion by Justice Rolando Acosta.
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