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hold-U.S. court decision paves way for depositor case against Lebanese bank

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. ....

New York , United States , David Raad , Nada Abdelsater , Jeffrey Rotenberg , District Court , Bank Audi ,

U.S. Court Decision Paves Way For Depositor Case Against Lebanese Bank

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 ....

New York , United States , David Raad , Douglas Kellner , Jeffrey Rotenberg , Nada Abdelsater , York Supreme Court , Bank Audi , District Court , Supreme Court ,