New York Court of Appeals
Abkco Industries, Inc. v. Apple Films, Inc., Appellant Abkco Industries, Inc. v. Apple Films, Ltd.
May 11, 197639 N.Y.2d 670
Summary
The New York Court of Appeals affirmed the lower courts, holding that the English corporation's interest under the licensing agreement is a form of property that can be attached in New York, thereby providing quasi-in-rem jurisdiction. The court reasoned that intangible contractual rights are property located where the obligor resides, and that such property is attachable under CPLR 5201(b).