American Bank & Trust Co. v. Bond International Ltd.

OPINION AND ORDER

EAGAN, Chief Judge.

Now before the Court is Defendants’ Objection to Plaintiffs Motion to Appoint Receiver (Dkt.# 29). In their objection, defendants claim the Trading with the Enemy Act of 1917, 50 U.S.C. § 1, et seq. (“TWEA”), and the Cuban Assets Control Regulations, 31 C.F.R. § 515.101, et seq. (“CACR”), invalidate the security agreements held by American Bank and Trust Company (“American”) in collateral owned by defendants. 1 According to defendants, plaintiff is not likely to succeed in its request for the appointment of a receiver because the security agreement held by…