Activity Of International Banks' Branches

Clarification on the application of the Brussels Regulation to the activities of banks' branches in McGraw Hill International (UK) LTD v. Deutsche Apotheker Und Arztebank EG and Others [2014] EWHC 2436 (Comm)

The caption of this judgment disguises a jurisdiction hearing contested between Standard & Poor's (S&P) and ABN Amro Bank NV (now The Royal Bank of Scotland NV) (ABN). The underlying dispute is one in which a bank incorporated in one EU state, acting by a branch in another, structured and had rated a financial product which was sold to investors in a number of other EU countries. Claims are now made in respect of that product by the investors, under the laws of their own states of domicile.