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Results: 1-10 of 430

Supreme Court Holds New York Credit Card Surcharge Statute Regulates Speech
  • Reed Smith LLP
  • USA
  • April 4 2017

In the ongoing skirmishes between card networks and merchants in the surcharge world, the U.S. Supreme Court has just issued a significant ruling on


Rights of Third Parties Put on Notice of Freezing Orders - A Clarification from the Court
  • Reed Smith LLP
  • United Kingdom
  • March 28 2017

In a decision this week, the English High Court has clarified the extent of a third party secured creditor’s duties, when put on notice of a freezing


Court of Appeal re-affirms the importance of the 'autonomy principle' of letters of credit
  • Reed Smith LLP
  • United Kingdom
  • February 16 2017

Fraud is rarely proved in practice. So a High Court decision in 2016 which prevented payment under a standby letter of credit (the “SBLC”) on the


Tennessee Court Awards $1.9 Million in Mapco Express Data Breach Class Action Suit
  • Reed Smith LLP
  • USA
  • February 6 2017

Last month, a Tennessee Federal court ordered Mapco Express, Inc. (“Mapco”) to pay approximately $1.9 million to settle class action claims arising


Ohio Federal Court Rules That Bank Is Not Liable Under Ohio Securities Act For Providing Ordinary Banking Services To Customers Who Operated Ponzi Scheme
  • Reed Smith LLP
  • USA
  • January 19 2017

In a January 10, 2017 decision, United States District Judge Thomas M. Rose in the Southern District of Ohio ruled that plaintiffs, who claimed to be


Letters of Credit - Application of Fraudulent Exception
  • Reed Smith LLP
  • United Kingdom
  • January 6 2017

The High Court recently applied the ‘fraud exception’ to prevent payment under a standby letter of credit where the signatory who certified a


Class X litigation: Not so appealing
  • Reed Smith LLP
  • United Kingdom
  • December 22 2016

Following their loss at first instance in Titan Europe 2006-1 P.L.C. And others 2016 EWHC 969 (Ch) (the background to the case and our commentary


Rasheed Al Rushaid v. Pictet & Cie - New York Court of Appeals Rules In A 4-3 Decision That Foreign Bank Is Subject To Personal Jurisdiction Based On Allegedly Repeated And Intentional Use of Correspondent Accounts
  • Reed Smith LLP
  • USA
  • December 20 2016

In Rasheed Al Rushaid v. Pictet & Cie, the New York Court of Appeals ruled in a November 22, 2016 decision that a foreign bank’s allegedly intentional


OCC & Federal Reserve Report and Proposed Rules - Limitation on Banks Dealing & Investing in Metals and other Physical Commodities
  • Reed Smith LLP
  • USA
  • October 24 2016

On September 8, 2016, as required by Section 620 of the Dodd-Frank Act, the Board of Governors of the Federal Reserve System (the "Board"), the Office


California Amends Identity Theft Requirements for Debt Collectors
  • Reed Smith LLP
  • USA
  • October 21 2016

The California legislature has amended the existing requirements for debt collectors who receive consumer claims of identity theft with the Identity