Wednesday, May 15, 2013

Second Circuit -- Commonwealth of the Northern Mariana Islands v. Canadian Imperial Bank of

Brief per curiam opinion based on answers to questions certified to New York.  Relevant answer: turnover orders can't be directed to parent companies, as the relevant statute discusses possession of the asset, not control of the asset.

Commonwealth of the Northern Mariana Islands v. Canadian Imperial Bank of
Compiled by D.E. Frydrychowski, who is, not incidentally, not giving you legal advice.

Category tags above are sporadically maintained Do not rely. Do not rely. Do not rely.

Author's SSRN page here.