Foreign Banks Watch Out: A Look at Liquidation Law in New York

in Bankruptcy & Liquidation, Living Wills

By Derrick D. Cephas, Dimia Fogam,

Weil Corporate attorneys Derrick Cephas and Dimia Fogam co-authored an article discussing the need for foreign banks to pay close attention to the “ring-fencing” provision in New York State’s bank insolvency law, under which the state can seize certain assets of foreign banks doing business in New York for the benefit of creditors of their New York branches and agencies.

The article titled “Foreign Banks Watch Out: A Look at Liquidation Law in New York” was published on BankDirector.com on September 28, 2012.

View the full-text article (may require registration/subscription).

Previous post:

Next post: