John Corrie

1 month ago | herbertsmithfreehills.com | John Corrie |Daniel May |Ceri Morgan

The High Court has ruled in favour of the claimant banks in a recent Italian swaps judgment: Deutsche Bank and Dexia v Provincia di Brescia [2024] EWHC 2967 (Ch). In its judgment, the High Court upheld the validity and enforceability of interest rate derivative transactions which the public authority of Brescia was challenging on the basis of the landmark 2020 Italian Supreme Court decision in Banca Nazionale del Lavoro SpA v Comune di Cattolica (8770/2020).