| Lebanese
Bank Is Sued For No KeyBank Wire, Says No
Law Requires, Blames Central Bank
By Matthew
Russell Lee, Patreon
BBC
- Guardian
UK - Honduras
- ESPN
SDNY COURTHOUSE,
June 20 – Jamal Hammoud has
sued Societe Generale de
Banque Au Liban for refusing
to transfer his money by wire
to his account in the US at
KeyBank. SGBL
removed the case to Federal
court.
It has been
assigned to U.S. District
Court for the Southern
District of New York Judge
Mary Kay Vyskocil.
On June 18
- Juneteenth (observed), when
most of the SDNY court was
closed - SGBL past 8 pm filed
a motion to dismiss, which
Inner City Press at the SDNY
found in the
docket.
SGBL is arguing
both that nothing in Lebanese
law requires it to wire
transfer money at a
depositor's request - and that
Lebanese Central Bank capital
controls imposed in response
to the financial crisis that
started in 2019 preclude the
requested wires. Money for
nothing?
The case is
Hammoud v. Societe Generale de
Banque Au Liban, 20-cv-106
(Vyskocil)
***
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