Venice Gets €125M Dexia, Banca Intensa Swaps Voided
By Silvia Martelli ( October 14, 2022, 6:04 PM BST) -- A London court ruled on Friday that a €125 million ($122 million) debt restructuring deal between Venice and two banks is void because the Italian city did not have the authority to enter into the agreement — a rare win for a municipality challenging a crisis-era swaps agreement....
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