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UK bank prevented from terminating French fintech contract (Sogexia SARL v R. Raphael & Sons)

UK bank prevented from terminating French fintech contract (Sogexia SARL v R. Raphael & Sons)
Published on: 03 September 2019
Published by: Law360
  • UK bank prevented from terminating French fintech contract (Sogexia SARL v R. Raphael & Sons)
  • What is this development about?

Article summary

Law 360, London: On 29 August 2019 a London judge temporarily blocked Raphaels Bank from terminating its agreement with payment services provider Sogexia over concerns that some customers' electronic money transfers exceeded a French law cap, saying the fintech company should not lose customers while the matter goes forward. or take a trial to read the full analysis.

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