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When a bank’s termination of a bank account is unlawful
Banks have a duty of care to their customers. When terminating a credit relationship, the bank quite often forgets to comply with its duty of care. In this case, the interlocutory relief judge stopped Rabobank in its tracks. Rabobank was also ordered to reimburse the expenses of the injured party. Corporate lawyer Martijn Kesler explains.
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Selective payments: when do they lead to directors’ liability
This basic principle changes if the company runs into liquidity problems. In that instance, directors must be careful.
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