SocGen, Lebanese Bank Sued For £3M Over 'Failed Transfers'

Law360, London (January 12, 2021, 6:01 PM GMT) -- A British citizen has sued the Lebanese branches of Société Générale and Bank Audi for more than £3 million ($4 million) for allegedly failing to comply with bank transfer requests in breach of Lebanon's finance laws.

Vatche Manoukian, a dual national of the U.K. and Lebanon, has sued Lebanon's largest bank, Bank Audi SAL, and Société Générale De Banque Au Liban SAL at the High Court in London for breach of contract. He alleges they failed to transfer money out of his accounts.

Manoukian, who lives in London, said in his Nov. 12 particulars of claim, which have newly been made...

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