Counterclaims. A procedure for the settlement of a retail forex customer’s claims or grievances against a national bank or employee thereof may permit the submission of a counterclaim in the procedure by a person against whom a claim or grievance is brought if the counterclaim: (1) Arises out of the transaction or occurrence that is the subject of the re- tail forex customer’s claim or griev- ance; and (2) Does not require for adjudication the presence of essential witnesses, parties, or third persons over which the settlement process lacks jurisdiction. [76 FR 41384, July 14, 2011, as amended at 76 FR 56097, Sept. 12, 2011]
Appears in 9 contracts
Samples: Arbitration Agreement, Arbitration Agreement, Arbitration Agreement
