Source: https://law-journals-books.vlex.com/vid/69-cbj-143-survey-633318005
Timestamp: 2019-04-26 16:19:16+00:00

Document:
69 CBJ 143. Survey of 1994 Developments in International Law in Connecticut.
143Survey of 1994 Developments in International Law in ConnecticutBy HOUSTON PUTNAm LOWRY (fn*) AND PETER W SCHROTH (fn**)This year's developments reflect a continuing trend in Connecticut: just as it is necessary to know federal law when advising clients, it is becoming increasingly obvious that a practicing lawyer must know at least the rudiments of international law in order to advise his Connecticut clients properly. As Connecticut clients extend their operations outside the United States and foreign investors extend their operations into Connecticut, they call upon their Connecticut lawyers to give them competent advice.
Deposit services, the other half of the traditional definition of banking business (fn12) are not part of the exception, but out-of-state banks routinely accept deposits by mail from Connecticut residents.
The wording of the definition of "foreign banking corporation (fn13) in former §36-5a(a) (now §36a-425(a)) was simplified in a potentially confusing way: For purposes of this section, "foreign banking corporation" means a banking corporation which is organized under the laws of or has its principal office in any state other than Connecticut or any Foreign country.
Knowing that other states and foreign countries were treated the same in the previous version of this sentence, we can be confident that it means "under the laws of ... any state ... or any foreign country" rather than "other than Connecticut or any foreign country," which would have the surprising effect of exemptin banks based in foreign countries from many of the restrictions on out-of-state banks.
146New §36a-425(b) eliminates the requirement of former §36-5a(b) that a foreign banking corporation obtain permission from the Banking Commissioner to establish an office in Connecticut that will not engage in a banking business but retains the prohibition if the office-will be used to enable the corporation to engage in a banking business in the state. "Banking business for this purpose, means receiving deposits, paying checks, ness, lending money and closely related activities. Whereas former §36-5a(d) permitted a foreign bank group to establish, subject to the approval of the banking commissioner, only two new offices per calendar year "for the purpose of engaging in banking business other than to provide deposit services," new §36a-425(d) eliminates the numerical limit.
147law, its tax credits may amount to $120 million for the same 2,000 employees (albeit in a larger building than § 12-217m requires).
Effective October 1, 1994, the Superior Court Rules Committee adopted two new rules relating to international law issues. Practice Book §202A deals with service of process outside the United States and §236B deals with discovery outside the United States. This continues a story on which we reported three years ago, implementing a portion of P.A. 91-324, (fn17) which is now codified in §§ 52-59d and 52-197b of the General Statutes.
1. 202A. Orders of Notice Directed Outside of the United States of America.
148use" rule, a litigant must first attempt to use the Hague Service Convention if it is applicable. Only if service cannot be completed within sixty days" may the litigant apply to the Superior Court for an order of notice. The Superior Court will issue an order of notice after considering the guidelines specified in Schlunk and the Restatement (Third) of Foreign Relations §442.
60 RI Bar J., No. 4, Pg. 19. Rhode Island Municipal Insolvency Lite.

References: §36
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