NY Court Grants Pre-Award Attachment in Aid of Foreign Arbitration

In Sojitz Corp. v. Prithvi Information Solutions Ltd, the New York Supreme Court (ie an intermediate appellate court) recently agreed to grant a pre-award attachment in aid of an arbitration with a foreign seat (Singapore) and between two foreign parties over which NY courts did not have personal jurisdiction.

In 1982, the New York Court of Appeals (ie the supreme court in the state of NY) had held in Cooper that NY courts did not have such power.

See the report of G. Born and T. Snider over at the Kluwer Arbitration Blog.