Appellate Division of the Supreme Court of the State of New York July 14, 2016, 653651/12 15231 (Receivers of Sabena SA v. Deutsche Bank A.G.)

OPINION OF THE COURT

Friedman, J.

This appeal concerns an electronic funds transfer (EFT), governed by article 4-A of the Uniform Commercial Code, that was frozen for more than a decade at a New York intermediary bank pursuant to a federal executive order.