New State Law is a Victory for Financial Privacy Advocates

9.29.15

Daily Business Review

New State Law on Subpoenas Changes Financial Privacy Framework

Shutts & Bowen attorneys Daniel Stabile and Bryan Wells recently published an article in the Daily Business Review on the passage of Senate Bill 806, which limits the ability to obtain records from an international banking corporation's branch or agency office in Florida.

According to the article, Senate Bill 806, which takes effect October 1, 2015, has been years in the making and was a collaboration between the Florida legislature, regulatory staff and the international banking industry as led by the Florida International Bankers Association.

Read about the significance and impact of this new law and the case law that set its precedent here (requires login).

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Shutts & Bowen, established in 1910, is a full-service business law firm with approximately 300 lawyers located in eight offices across Florida.

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