After Milan: how Italian law treats muni swaps

Dealers in Italy run risk of “unpredictable legal conflicts”, warn lawyers at Norton Rose

Milan
The 2012 Milan court case established a series of precedents

Ilario Giangrossi is a partner, and Chiara Bicci is a senior associate, in the Milan office of global law firm, Norton Rose Fulbright

Recent Italian derivatives cases have highlighted some tough challenges for international banks in the market. Part of the problem is the domestic judicial system's three-tier structure, which means legal disputes can often drag on for years, encompassing multiple rulings – by local courts, courts of appeal and, finally, the Supreme Court – before a final decision

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: