Bluestone, a leading asset recovery law firm serving clients around the globe, secured a court victory on behalf of a leading data technology firm doing work for an Ecuadorian state-owned telecommunications provider.
In the matter, the plaintiff entered a $19.1 million foreign judgment in a Miami court. After the court entered the foreign award, the plaintiff attempted to attach assets in Miami utilized by the telecom provider, but owned by Bluestone’s client, including electronic routers that facilitate internet services to millions of Ecuadorians. The execution attempt was improperly made ex parte.
Bluestone moved to quash the seizure attempts on several grounds via an emergency motion, including the existence of a security filing in Ecuador, the home jurisdiction of the telecommunications provider. Following a hearing in October, the Court ruled that the plaintiff had no right to execute on the routers and quashed the execution request. The order essentially voided the judgment as the overseas telecommunications provider maintained no further attachable assets in the U.S. The judgment was later vacated after the Court determined, on foreign sovereign immunity grounds, that the judgment was not enforceable.
While Bluestone remains at the forefront of creditor’s rights and asset recovery, the firm’s deep knowledge on the creditor side provides strong insight into actions defendants and third parties should take when facing enforcement actions. The firm’s dedicated lawyers are aggressive advocates with an outstanding record of accomplishment in resolving disputes in the U.S. and abroad.