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Daily Archives: Thursday, June 3, 2021

Posted: June 3, 2021

Correspondent Bank Relationships, Without More, are Insufficient Basis for Personal Jurisdiction

On May 13, 2021, Justice Cohen of the New York County Commercial Division issued a decision in Malaeb v. BankMed S.A.L., 2021 NY Slip Op. 31619(U), holding that correspondent bank relationships, without more, are an insufficient basis for personal jurisdiction, explaining: The parties agree that the relevant long-arm statute is CPLR 302(a)(1). Pursuant to that... Read more »