Sicily Settles More Swaps Battles After Deutsche Bank Loss

By Silvia Martelli (November 8, 2021, 6:01 PM GMT) -- The regional government of Sicily has admitted in a London court the validity of swap deals it entered with Deutsche Bank and two Italian banks, the latest in a series of settlements over agreements to restructure its debts.

Sicily has conceded that the swap transaction it entered into with Deutsche Bank in 2005 and 2006 did not violate Italy's financial rules, according to a High Court consent order dated Oct. 25, which has now been made public.

The Italian region also admitted the validity of swaps transactions entered with UniCredit SpA and with Banca Nazionale del Lavoro SpA in the mid-2000s...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!