Case Law

Dorm Account: How a bank failed to honour a withdrawal slip and why you should care.

A domiciliary account (“Dorm Account”) is a type of bank account (usually current account) which is used to transact business in foreign currencies only, as the account is not funded with local currency. In Nigeria for instance, opening a Dorm Account allows you to receive and transfer monies in currencies other than Naira, such as […]