Australian banks in New York and the risk of exposure to legal proceedings in the United States

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21 November 2014

The year 2014 has seen three key decisions by US courts clarifying the extent to which non-US banks that maintain a branch in New York can be sued in the United States.

With a number of Australian banks now having a branch or office presence in New York, these recent cases confirm that Australian banks have a solid legal basis for resisting subpoenas, court orders and the like served only on their New York offices, but which seek documents and/or assets held outside the United States.


Click 'Download' to view the original article, which appeared in Banking and Finance Law Bulletin.




The content of this publication is for reference purposes only. It is current at the date of publication. This content does not constitute legal advice and should not be relied upon as such. Legal advice about your specific circumstances should always be obtained before taking any action based on this publication.


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