Those restrictions have yet to become law and have been challenged in both local and international courts by savers who have sought to gain back their money promptly in U.S. dollars, with mixed results. The Raad family filed a lawsuit in New York in December 2020, saying Bank Audi had breached their contract by refusing to transfer their funds abroad at the beginning of the financial crisis, according to the court document.
A U.S. court of appeals determined this week that cases against Lebanese commercial banks can be tried outside Lebanon, according to a decision seen by Reuters, paving the way for more cases by
(Courtesy of JFCS) On Wednesday, June 22, Jewish Family and Children’s Services of Northern NJ (JFCS) held its annual meeting to mark the end of the 2021-2022 fiscal year at Temple Emanu-El in Closter.