Rule B: Good Riddance to Maritime Pre-judgment Attachments of EFTs

While those who made a living prosecuting (and defending) Rule B attachments have to be disappointed by <i>The Shipping Corporation of India, Ltd., v. Jaldhi Oversees Pte. Ltd.</i>, the commercial bar generally and participants in international trade, including generally equipment lessors (<i>e.g.,</i> marine cargo container lessors), are grateful for the decision.

7 minute read February 24, 2010 at 11:10 AM
By
James F. Fotenos
Rule B: Good Riddance to Maritime Pre-judgment Attachments of EFTs

A cottage industry developed in the Southern District of New York after the Second Circuit's 2002 decision in Winter Storm Shipping, Ltd. v. TPI

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