Litigation, Italy updates

 
Interest rate swap derivative contract – Milan Court of Appeals confirms first-instance decision
Ichino Brugnatelli e Associati Studio Legale
  • Italy
  • 12 February 2019

The Milan Court of Appeals recently rejected an appeal against a Milan Court of First Instance judgment concerning an interest rate swap derivative contract. The complainant had asked the first-instance court for a statement of nullity regarding the contract, claiming that its purpose could not be determined and that no adequate risk exposure information had been provided. However, the first-instance court confirmed existing case law and excluded any reason for nullity of the contract.

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