Trusted legal advisors worldwide
Phillips Lytle LLP Partner Sean C. McPhee Served as a Panelist for ABA Webinar
[caption id="attachment_5855" align="alignleft" width="150"] Sean McPhee[/caption]Buffalo, N.Y. – Phillips Lytle LLP Partner Sean C. McPhee was a panelist for a webinar titled “Payments and Sanctions Law – The Intersection of UCC 4A, OFAC Requirements, and Attempts to Garnish Blocked Funds under TRIA.” The webinar, hosted by the Banking Law Committee of the American Bar Association’s Business Law Section, took place on Tuesday, June 12th at 12:00 p.m.The program explored the intersection of payments and sanctions law in the context of recent attempts by judgment creditors to garnish previously blocked wire payments. The panel discussed the legal framework for wires under UCC Article 4A, the OFAC sanctions monitoring requirements imposed on banks processing wires, and the evolution of recent case law involving judgment creditors seeking to leverage federal law, such as the Terrorism Risk Insurance Act, to garnish blocked funds.Mr. McPhee has significant experience with judgment enforcement proceedings in both federal and state courts, and practices primarily in the area of commercial litigation, including litigating business and real estate disputes, lender liability, business torts, class actions, and products liability.View entire release here.