New York Court of Appeals

Credit Agricole Indosuez, Respondents v. Rossiyskiy Kredit Bank, Appellants

March 30, 200094 N.Y.2d 541

Summary

The New York Court of Appeals reversed the Appellate Division's order granting a preliminary injunction against Rossiyskiy Kredit Bank. The Court held that under CPLR 6301 a general unsecured creditor cannot obtain a preliminary injunction to prevent asset dissipation in a money‑only action. The proper pre‑judgment remedy is attachment, not injunctive relief.