Reference no: EM131768599

Question: Q Bank, located in State A, has a branch in State B. X has State A currency on deposit in that branch. X directs the branch to transfer the funds to a branch of P Bank that is located in State B. P Bank itself is, like Q Bank, located in Country A. The customary method for making such a transfer is for Q Bank's branch to request its parent to make a transfer through State A's central bank, debiting its own account with its parent and crediting P Bank's account at the central bank. In turn, P Bank will credit its branch's account with the transfer. State A, however, has imposed an embargo on all transfers relating to monies belonging to X, and neither Q Bank nor P Bank will make the transfer. X files suit in State B and seeks an order for the two branches to make the transfer locally without going through their parent banks or State A's central bank. Will X be successful?