Court rules for Deutsche in negative interest case

deutsche-bank-1 — Deutsche Bank: ruling could give rise to historical restitution claims, say lawyers

Kris Devasabai
02 May 2019

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Deutsche Bank does not have to pay the Netherlands negative interest on collateral posted to cover mark-to-market losses on derivatives transactions dating back to 2001, the UK Court of Appeal has ruled.

The judgement, released earlier today (May 2), was widely expected. Most lawyers Risk.net spoke with earlier this week said they thought the lower court’s ruling last July would be upheld.

Beginning in 2001, Deutsche Bank and the state of the Netherlands, acting through the Dutch State

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