US: Herbert Smith Freehills obtains important decision for non-US banks which maintain a branch office in New York

In a case of first impression in the New York state courts – Gliklad v. Bank Hapoalim, B.M., No. 155195/2014 (N.Y. Sup. Ct. N.Y. Cnty. Aug. 11, 2014) – the New York Supreme Court has held that maintaining a branch office in New York does not, in itself, subject a non-U.S. bank to general personal jurisdiction in New York.  This decision is important to international financial institutions for several reasons, as explained by Scott Balber, Jonathan Cross and Christopher Leahy from our New York office in this briefing.