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Business Law 04-11-2009 Case Law

An illustration of the Interest Rate Swap Scandal in the US: SEC v. JP Morgan

USA securities and exchange commission, case n. 3-13673-2009

Interest Rate Swaps (IRSs) have emerged for having played an important part in the bankruptcies of a number of municipalities in the US during the post-crisis years. In these cases, the derivative contracts were entered into between a bank and a government entity whereby a floating rate of interest was exchanged for a fixed rate on the issuance of a bond. Government entities entered these contracts in order to hedge their exposure to rising interest rates, in connection with loans related to the... [Read All]

Business Law Case Law An illustration of the UK Interest Rate Swap scandal: Green & Rowley v. RBS England and Wales court of Appeal, case A3/2013/0138 09-10-2013 From Altalex.EU Blog Tags: interest rate swap misselling Rate The mis-sale of interest rate swaps (IRSs) from banks to small and medium businesses has given rise, in the years following the global financial crisis, to a brand new scandal. This has triggered, amo... [Read All] - Comments (0)

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View All Active Blogs Altalex.EU Blog Business Law Case Law An illustration of the Interest Rate Swap Scandal in the US: SEC v. JP Morgan Post Date: 11-03-2014 - Article Date: 04-11-2009 Interest Rate Swaps (IRSs) have emerged for having played an important part in the bankruptcies of a number of municipalities in the US during the post-crisis years. In these cases, the derivative contracts were entered into between a bank and a government entity whereby a floating rate of interest ... [Read All] - Comments (0) F. Paolo Porcari's blog Business Law Articles New tools in Italy for the composition with creditors Post Date: 27-09-2012 - Article Date: 22-08-2012   As it was before, the “composition with creditors” (art. 160, Italian Bankruptcy Act) helped too little the insolvent entrpreneurs. Not to mention the “restructuring agreements” (art. 182bis, I.B.A.). The tools provided by the legislator between 2005 and 2006, were am... [Read All] - Comments (0) Pini Franco LLP's blog Employment Law Articles National minimum wage increases in England for October 2013 Post Date: 05-09-2013 - Article Date: 02-09-2013 The government has announced the national minimum wage rates which will take effect on 1 October 2013. It accepted most of the recommendations of the Low Pay Commission (LPC) with one exception; the LPC had recommended freezing the apprenticeship rate at £2.65 an hour, but the government has ... [Read All] - Comments (0)