The EXIM Bank has a website with a facade as an explanation of activities. The web curtain has been offered as a valid web. An out of site out of mind home page succeeds only in deception as intentional or negligent existence.
The term “Lapse” has the impression of continuance despite stating they have no authority to operate. The home page fails.
The doors are locked and they don’t answer the phone. An online dictionary has no legal definition for use as a lawful status.
Synonyms for “Lapse” include: blunder, breach, crimes, errors, failing, fault, indiscretion, miscue, negligence, omission, oversight, sins, transgression, violation, bungle, or flub. There are many that are not Common Law.