New York ruling appealed by RCBC

By Eireene Jairee Gomez

Jan 21, 2023 12:27 am

Rizal Commercial Banking Corp. (RCBC) has appealed a New York state Supreme Court decision denying a motion to dismiss a case filed by Bangladesh's central bank.

The January 14, 2022 ruling confirmed the court's jurisdiction over the case, filed in connection over a 2016 cyberheist. RCBC earlier this week said the decision, which also ordered the parties involved to mediate the dispute, was in no way a finding of liability on the part of the Yuchengco-led bank.

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