The Court of Appeals has taken up a case to decide whether companies with offices outside the state that do business here should be held to New York’s statute of limitations or their home state’s, depending on where an action accrued.

The appeal involves a reversal from the Appellate Division, First Department, which granted a motion to dismiss a lawsuit against Barclays Bank and HSBC Bank from Deutsche Bank over alleged contract breaches related to the sale of residential mortgage-backed securities.