FOR IMMEDIATE RELEASE
June 13, 2018

Contact:
Oliver F. Hays
Phillips Lytle LLP
716-847-5444

PHILLIPS LYTLE LLP PARTNER SEAN C. MCPHEE SERVED AS A PANELIST FOR ABA WEBINAR “PAYMENTS AND SANCTIONS LAW – THE INTERSECTION OF UCC 4A, OFAC REQUIREMENTS, AND ATTEMPTS TO GARNISH BLOCKED FUNDS UNDER TRIA”

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.

Phillips Lytle LLP is a premier regional law firm that is recognized nationally for its legal excellence. With offices in New York State, Washington, D.C., and Canada, our attorneys serve a multinational client base including FORTUNE 1000 companies, global and regional financial institutions, not-for-profit organizations, middle market companies, startups, entrepreneurs and individuals on important matters affecting their businesses and personal wealth. For more information, visit www.phillipslytle.com.

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