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The “Löber” case in the era of digital banking

Estimated time to read this article
2 min
Date of publication
10 April 2019
Author(s)
Thomas Derval
Categories
Banking, Finance and Insurance, Digital Finance and FinTech, Dispute resolution

In the era of digital banking, does it still make sense to use the localisation of a bank account to settle conflicts of jurisdiction?

In its recent case “Löber”, the ECJ decided that tort claims against the issuer of a misleading prospectus may be brought before the courts of the investor’s domicile provided that his or her investment originated from a bank account localised in the same jurisdiction and that ‘other specific circumstances’ also contribute to the jurisdiction of these courts. A decision which goes against the current digital flow? Discover Thomas Derval‘s opinion on this case in the Journal de droit européen: http://bit.ly/lober-ecj (in French – reserved to subscribers).