Yehudah Buchweitz, a partner at Weil, Gotshal & Manges, writes: Despite a company's best efforts to avoid litigation, due to recent developments in the law of prejudgment attachment and post-judgment execution in New York, companies that transact business with, or hold property of other companies may be easily dragged into litigation in New York state courts by their counterparty's creditors, forcing them to incur unexpected legal and business costs.
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Developments in Attachment and Execution Law, and Tips for Limiting Resulting Risk
New York Law Journal
December 10, 2012
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