Local authorities swaps litigation
id:
local-authorities-swaps-litigation-262-11111155
title:
Local authorities swaps litigation
text:
The local authorities swaps litigation refers to a series of cases during the 1990s under English law relating to interest rate swap transactions entered into between banks and local authorities. The House of Lords ruled that such transactions were unlawful. As a result of the decision over 200 separate actions were filed as hundreds of interest rate swap contracts had to be unwound by the courts at great expense. The law relating to recovery of payments made under contracts subsequently held to
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Local_authorities_swaps_litigation
date created:
date modified:
2023-03-15T18:12:20Z
main entity:
{"identifier":"Q23019822","url":"https://www.wikidata.org/entity/Q23019822"}
image:
{"content_url":"https://upload.wikimedia.org/wikipedia/commons/b/bf/Shepherds_bush_road_london.jpg","width":2048,"height":1536}
fields total:
13
integrity:
14