This program discusses the impact of recent Supreme Court and Court of Appeals decision on the ability of financial institutions to assert the personal jurisdiction defense in federal courts. In this course there is an examination of the impact of the Supreme Court’s decision in Daimler, and the way in which lower courts have reacted to it when adjudicating claims brought against financial institutions. There is also consideration of the evolving case law concerning the impact that dollar denominated transfers, and the use of correspondent accounts, have on the ability of a financial institution to assert the personal jurisdiction defense in a dispute that otherwise lacks material connections to the United States.
Understand the basic personal jurisdiction defense as applicable to foreign financial institutions
Assess the impact of recent case law on the application of this defense
Counsel foreign financial clients on their ability to raise and prevail on this defense
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