High Court confirms interest rate swaps entered into with Italian municipal authority were valid, lawful and binding on the parties

11 November, 2022
The High Court has allowed a summary judgment application by an Italian bank seeking declarations to the effect that certain interest rate swaps entered into with an Italian municipal authority were valid, lawful and binding on the parties: Dexia Crediop SPA v Provincia Di Pesaro E Urbino [2022] EWHC 2410 (Comm). This is an interesting … Read more

High Court finds no continuing event of default under ISDA Master Agreements once administration of counterparty terminates

09 November, 2022
The High Court has allowed an application for directions made by the administrators of an investment bank concerning the construction and effect of various standard form events of default provisions which were included in the 1992 and 2002 versions of the ISDA Master Agreements (multi-currency cross border versions) in relation to certain swaps entered into … Read more