Judge Limits Attachment For Award-Creditor To $3M, Citing Lebanese Economic Woes

Mealey's (March 21, 2022, 11:36 AM EDT) -- NEW YORK — A New York federal judge on March 16 ordered that a joint venture is entitled to attach up to $3 million of a Lebanese bank’s assets representing attorney fees won in an arbitration in 2021 but declined to attach the $97 million it is seeking as damages in a pending claim against the bank related to an alleged shareholder fraud, citing the damage such an attachment could cause the Lebanese economy....

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