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Subpoena to N.Y. Branch Has Worldwide Reach

Aug. 13, 2015, 4:00 AM

A Taiwan bank’s New York branch must give judgment creditors information about accounts and records at other branches outside the state, a New York court said (Matter of B&M Kingstone, LLC v Mega Intl. Commercial Bank Co., Ltd., 2015 BL 257120, N.Y. App. Div., 158577/14, 8/11/15).

The Aug. 11 ruling by New York Supreme Court’s Appellate Division complicates matters for international banks with branches in New York but may ease recoveries by U.S. manufacturers who allege illegalities by overseas competitors.

Judge Rolando T. Acosta said the New York branch of Mega International Commercial Bank must produce information...

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