Corporacion Nacional del Cobre de Chile v. Hirsch

OPINION OF THE COURT

Naedelli, J.

In this case the IAS Court found that there was enough evidence to justify the attachment of funds deposited in New York accounts. These funds allegedly were kickbacks paid by a London metals broker, Sogemin Metals Limited (Sogemin), to defendant Juan Pablo Davila, the chief futures trader for plaintiff, Corporación Nacional del Cobre de Chile (Codelco). These payments were made through Sogemin’s Chilean representatives, defendants Brokerage Trading and Financial Services (Brokerage Trading), Enrique Patricio Orrego Hirsch (Orrego) and defendant Juan Marcelo…