France, Lebanon
SGBL loses legal battle with sanctioned magnate Fadi Nasser's son

When the son of US-sanctioned Lebanese magnate Fadi Nasser obtained a court order to withdraw his money from Société Générale de Banque au Liban, the bank tried to get the money back through the French courts. [...]
Published on 15.07.2021 at 06:00 GMT Reading time 2 minutes

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London court decision gives hope to expats with dollars in Lebanese banks

Hoping to avoid trial in the UK where it has a large client base, Banque Libano-Française has failed to demonstrate that British courts do not have jurisdiction to rule on a dispute with one of its clients, creating a precedent at a time where many Beirut banks are worried their overseas clients will launch proceedings outside Lebanon to recover dollar deposits held with them.

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