4 ms·
What I find most bizarre is that the court has jurisdiction when both the lender and borrower are foreign to it. How's that work?
by thomasfedb 8y ago
What I find most bizarre is that the court has jurisdiction when both the lender and borrower are foreign to it. How's that work?
- nbp234 8y agoLots of contracts specify a jurisdiction to resolve any disputes over the agreement. That's probably what's happening here.
- ratmice 8y agoI believe the reason they gave from the previous article was the bank has a branch in new york.
- MattGrommes 8y agoAlso the lenders know that the banks rarely examine all the requests they receive. The banks tend to just follow the directive so they don't have to spend money/time on looking into them.
- anticensor 8y agoEntity resolving the dispute may ignore jurisdiction choice.