Plaintiffs move to stay defendant Bank Sepah-Iran from removing any assets from the State of New York in connection with the liquidation of its New York agency. At issue is the extent of this court's power to impose provisional remedies on a foreign sovereign defendant or its instrumentality and the effect of the Foreign Sovereign Immunities Act (FSIA; 28 USC § 1602 et seq.) on the procedural law of this State.
Defendant...
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