This Note discusses the liability of United States banks for the deposits at an expropriated foreign branch. The case of Vishipco Line v. Chase Manhattan Bank, which illustrates the problems banks face under the current law, is also discussed. This Note also proposes a Federal Reserve Regulation which, if adopted, would permit a partial suspension of operations of a foreign branch during periods of unrest in the host country.
Francis X. Curci,
Foreign Branches of United States Banks-A Proposal for Partial Suspension During Periods of Unrest,
7 Fordham Int'l L.J. 118
Available at: http://ir.lawnet.fordham.edu/ilj/vol7/iss1/4