Rivero Mestre announced today that it has filed a lawsuit in the United States District Court for Puerto Rico against the Office of the Commissioner of Financial Institutions of Puerto Rico (OCIF) and OCIF Commissioner, Natalia I. Zequeira Diaz. 

The lawsuit, brought by Tomás Niembro Concha, formerly the President of Nodus International Bank, alleges improper and discriminatory conduct by the OCIF in the regulation of international banks doing business in Puerto Rico, including on the basis of national origin. 

“The outrageous misconduct by OCIF that we are battling here is unfortunately consistent with their decertification as a competent banking regulator,” said Rivero Mestre partner Andrés Rivero.   

The case is Niembro Concha v. Zequeira Diaz, No. 3:24-cv-01232 (D.P.R. May 24, 2024). 

About Rivero Mestre LLP

Rivero Mestre, from its offices in Miami and New York, represents clients from investigation to verdict and appeal in complex business disputes in U.S. federal courts, state courts, and domestic and international arbitration proceedings. The firm’s practice focuses primarily on representing clients in a broad range of complex commercial disputes including financial institution matters, antitrust matters, intellectual property disputes, and litigation and arbitration relating to Latin American trade and investment. For more information, visit www.riveromestre.com.