The Civil Affairs Committee of the State Court ruled Wednesday that a bank has the right to terminate a basic payment service agreement with a client in an emergency case. The decision cited the bank’s prerogative to end the agreement when circumstances warrant. The ruling specifically addressed a case involving gosusd, and the bank asserted its ability to terminate the service due to the nature of the transactions.

The court determined that such termination is permissible only in emergency situations.

Topics: #bank #gosusd #cannot

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