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Venice gets €125m Dexia, Banca Intensa swaps voided

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Published on: 27 October 2022
Published by a Law360 reporter

Article summary

Law360, London: A London court ruled on 14 October 2022 that a €125m 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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