Articles in Banking

Holding of a Foreign Bank Account and Succession Issues


High net worth individuals hold bank accounts in different jurisdictions like Singapore, England, Dubai and Switzerland.  These accounts are an asset of the account holder and will form a part of the individual’s estate on death. Consequently, the legal issues which might arise on the death of the account holder need to be carefully considered. Key issues to note: The Read More

Opinion: Managing lender expectations in cross-border transactions


The scope of legal opinions requested by foreign lenders in our cross-border practice has expanded in recent years, particularly in deals with Canadian lenders. Contrary to U.S. norms, foreign lenders are requiring that their own counsel provide opinions typically rendered by debtor’s counsel and, with growing frequency, requesting additional opinions that might seem uncommon to U.S. practitioners. Pushing boundaries In Read More