The past six years witnessed the spawning of what one New York
court termed a "cottage industry for Rule B attachments"
of Electronic Fund Transfers (EFT). On March 19, 2009, however, the
Second Circuit Court of Appeals, issued an opinion in STX
Panocean (UK) Ltd v. Glory Wealth Shipping PTE Ltd, 2009 WL
704722, which is likely to cause a slow down of these attachments.
By registering with the New York Secretary of State to do business
in New York, and appointing an agent for the receipt of process, a
foreign defendant can prevent the Rule B attachment.
Because of the international nature of maritime commerce and the
transitory nature of maritime assets, a maritime asset, such as
ship or cargo, can be seized, if it is found within the court's
jurisdiction. Maritime attachments are considerably easier to
obtain than other prejudgment attachments. The plaintiff simply
asserts the maritime transaction, that the defendant can not be
found within the court's jurisdiction,
