A New York court can recognize a judgment from a Czech criminal court against a notorious financier who cheated Czech investors out of about $410 million because the judgment is civil in nature, a unanimous state appeals court has ruled, reversing a lower court judge.
The unanimous Appellate Division, First Department panel ruled Tuesday in Harvardsky Prumyslovy Holding v. Landlocked Shipping Co., 651826/12, that Acting Supreme Court Justice Ellen Coin (See Profile) was wrong to dismiss the case on the grounds that it sought enforcement of a foreign criminal judgment.
