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MACROTECNIC INTERNATIONAL CORP. v. REPUBLIC OF ARGENTINA

United States District Court, S.D. New York


February 13, 2004.

MACROTECNIC INTERNATIONAL CORPORATION, Plaintiff -against- THE REPUBLIC OF ARGENTINA, Defendant

The opinion of the court was delivered by: THOMAS GRIESA, Senior District Judge

ORDER

Plaintiff has submitted papers in which it requests the court to order the issuance of a writ of execution and restraining notices in aid of collecting on its judgment. It also requests the court to direct The Republic of Argentina to show cause why certain procedures under state law should not be allowed.

The court is not prepared to sign an order with the full set of provisions requested by plaintiff. However, it is the view of the court that plaintiff has made a showing that there are assets of The Republic of Argentina, which may be subject to execution, and which are located at Lehman Brothers Bank and BNP Paribas. In order to prevent the possible movement of such assets while appropriate procedures are conducted by this court, it is directed that plaintiff is permitted to serve restraining notices on Lehman Brothers Page 2 Bank and BNP Paribas immediately pursuant to C.P.L.R. ยง 5222. The court will hold a conference with counsel for both sides at 4:30 p.m., Tuesday, February 17.

  SO ORDERED.

20040213

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