Grupo Mexicano De Desarrollo, S.A. v. Alliance Bond Fund, Inc.: Supreme Court Restricts Creditor’s Right to Obtain Preliminary Injunction from Federal Court toPrevent Dissipation of Assets
This memorandum discusses the Supreme Court's decision on June 17, 1999 that, in actions by private creditors for money judgments, federal courts do not have the authority to issue preliminary injunctions which prevent debtors from disposing of their assets, at least where those assets are not within the territorial jurisdiction of the District Court.