Skip to main content

  • AddRemove
  • Build a Report 
Legal Update

New York Court of Appeals Answers Questions on When Jurisdiction Can Be Established Based on New York Correspondent Accounts

11 January 2013
Mayer Brown Legal Update
The New York Court of Appeals has confirmed that, while maintaining a correspondent banking account will not support the exercise of jurisdiction over a non-US bank in matters unrelated to the non-US bank’s use of the correspondent bank account, correspondent banking transactions could establish New York jurisdiction over banks in cases with a close nexus to those transactions. In the wake of this decision, plaintiffs likely will try to subject non-US banks to the jurisdiction of New York courts in cases that have little connection to New York.


  • Mark G. Hanchet
    T +1 212 506 2695
  • Marc R. Cohen
    T +1 202 263 3206
  • Alex C. Lakatos
    T +1 202 263 3312
  • Christopher J. Houpt
    T +1 212 506 2380

The Build a Report feature requires the use of cookies to function properly.  Cookies are small text files that are placed on your computer by websites that you visit. They are widely used in order to make websites work, or work more efficiently.  If you do not accept cookies, this function will not work.  For more information please see our Privacy Policy

You have no pages selected. Please select pages to email then resubmit.