In a decision on Thursday, a four-judge panel of the New York Supreme Court’s appellate division ordered dismissal of Sabena’s lawsuit against Deutsche Bank, saying the bank acted properly in returning the funds to a Sudanese airline’s bank when they were unfrozen in 2012. New York's Court of Appeals has ruled that Deutsche Bank is not liable for failing to turn over an intended transfer to the receivers of Sabena, Belgium's former national airline. The court said in a ruling on Friday that it was "impossible to conclude" whether Deutsche Bank's failure to provide information about its plans had been intentional or not.
New York's Court of Appeals has ruled that Deutsche Bank is not liable for failing to turn over an intended transfer to the receivers of Sabena, Belgium's former national airline. The court said in a ruling on Friday that it was "impossible to conclude" whether Deutsche Bank's failure to provide information about its plans had been intentional or not.