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Daily Archives: Wednesday, December 12, 2018

Posted: December 12, 2018

Court Lacks Subject Matter Jurisdiction Over Claim Against Foreign Bank By Non-Resident

On November 28, 2018, Justice Sherwood of the New York County Commercial Division issued a decision inĀ Garcia v Banco BCT S.A., 2018 NY Slip Op. 32989(U), holding that the court lacked subject matter jurisdiction over a non-resident’s claim against a foreign bank, explaining: Banking Law section 200-g provides that: 2. Except as otherwise provided in... Read more »