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US Second Circuit limits jurisdictional reach over foreign banks


Banks around the world routinely transmit money into and out of New York, a global financial and commercial center.  The Second Circuit’s recent opinion in Daou v. BLC Bank, S.A.L. serves as a reminder that New York courts will not open their doors and exercise personal jurisdiction over foreign banks absent a specific connection between the banks’ activities in New York and a plaintiff’s claims. Read our full update here.



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