Foreign Branch

Question 1

What is the standard norm

Answer 1

Parent bank responsible for foreign branches liabilities

Question 2

How many exceptions are there under the act of state doctrine

Answer 2

4

Question 3

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

Answer 3

Imposition of exchange controls

Moratorium

Disturbed conditions

Seizure of assets and liabilities

BY GOVERNMENT

Question 4

What does it all depend on

Answer 4

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

Don’t shut the doors