Foreign Branch Flashcards

1
Q

What is the standard norm

A

Parent bank responsible for foreign branches liabilities

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

How many exceptions are there under the act of state doctrine

A

4

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

What are the 4 exceptions to the rule (I Make Disturbed Sweets)

A

Imposition of exchange controls

Moratorium

Disturbed conditions

Seizure of assets and liabilities

BY GOVERNMENT

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

What does it all depend on

A

The circumstances
E.g. Russian citizen sued ny parent home office for Russian currency deposit

Don’t shut the doors

How well did you know this?
1
Not at all
2
3
4
5
Perfectly