Netherlands Fights To Revive Deutsche Bank Derivatives Suit

Law360, London (April 2, 2019, 7:26 PM BST) -- Deutsche Bank AG should be legally required to factor negative interest into its payments to the Netherlands as part of a long-standing derivatives deal, the country told London's appellate court on Tuesday as it fought to have a lower court ruling against it overturned.

Benjamin Strong QC, representing the State of the Netherlands, told the Court of Appeal that Judge Robin Knowles was wrong when he dismissed his client's claim in July and ruled in favor of the bank. He said the language used in a deal between his client and the German lender dating back to 2001 “expressly sets out...

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