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NETWORK FINANCE INC. v. JPMORGAN CHASE & CO.

41 A.D.3d 254 (2007)

836 N.Y.S.2d 875

NETWORK FINANCE INC. et al., Respondents, v. JPMORGAN CHASE & CO. et al., Appellants, et al., Defendants.

Appellate Division of the Supreme Court of the State of New York, First Department.

Decided June 19, 2007.

This action emanated from the collapse of Banco Comercial, one of Uruguay's largest banks. Imposition of the above-quoted condition in connection with the dismissal of the action ran counter to the CPLR mechanism for enforcement of foreign country money judgments, which was intended to balance the interests of foreign money judgment creditors and their debtors with the constitutional obligations and public policy concerns of this...

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