English High Court ruling asserts jurisdiction over Lebanese banks amid withdrawal restrictions
9th September 2020
Lebanese national and UK resident Bilal Khalifeh sets precedent for clients across Europe to bring action against Lebanese banks for their failure to return savings. According to Joseph McCormick, Partner at Rosenblatt, this is a significant ruling that shows that Lebanese banks can be held to account before the English courts. This has widespread implications, not just for deposit holders in the UK but throughout Europe.
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