United Kingdom interest rate swapscapacity and validityjurisdiction

Dexia v Regione Emilia Romagna

[2024] EWHC 3236 (Comm)

JurisdictionUnited Kingdom

CourtHigh Court of Justice, King's Bench Division, Commercial Court

Year2023

StatusPersuasive authority

Key Principle

An Italian regional authority's challenges (capacity, 'speculative' nature, jurisdiction) to English-law ISDA interest-rate swaps and related settlement agreements fail: the exclusive English jurisdiction clauses are effective and the transactions are valid and binding under English law.

Area of Law

General

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