Bank Sued By Fintech Firm Still Can’t Block New Customers

Law360, London (October 31, 2019, 1:50 PM GMT) -- Raphaels Bank has agreed to an injunction being extended to prevent it from blocking new customers as it fights litigation brought by Sogexia, a payments services provider.

Sogexia SARL argued in its claim at the High Court in London that Raphaels, a British bank, had wrongly tried to terminate its agreement with the financial technology provider over concerns that some money transfers exceeded a French legal limit.

The order granted by Judge Peter Roth noted that both sides of the dispute had agreed to push the expiry date for a preliminary injunction that was granted in August out until Nov. 15,...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!