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LJN's Equipment Leasing Newsletter

March 2010

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

By James F. Fotenos

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

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