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  5. 39 N.Y.2d 670 (1976)
 

ABKCO IND. v. APPLE FILMS

39 N.Y.2d 670 (1976)

ABKCO Industries, Inc., Respondent, v. Apple Films, Inc., Appellant. ABKCO Industries, Inc., Respondent, v. Apple Films, Ltd., Appellant.

Court of Appeals of the State of New York.

Decided May 11, 1976.

Attorney(s) appearing for the Case

John M. Schwartz and Henry J. Tashman for appellant in the first above-entitled case.

Robert W. Gottlieb, Peter F. Nadel and Stephen L. Ratner for respondent in the first above-entitled case.

Robert T. Greig for appellant in the second above-entitled case.

Robert W. Gottlieb, Peter F. Nadel and Stephen L. Ratner for respondent in the second above-entitled case.

Chief Judge BREITEL and Judges JASEN, GABRIELLI, WACHTLER, FUCHSBERG and COOKE concur.

JONES, J.

We hold that the property interest of this absent debtor in its contract with a resident corporation was subject to levy by order of attachment and that jurisdiction of the New York courts quasi-in-rem may properly be predicated on that attachment.

ABKCO Industries (ABKCO) seeks repayment of a loan allegedly made to Apple Films, Ltd. (LTD), an English corporation. Unable to obtain personal jurisdiction...

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