BNPP’s English court win calms ‘jurisdiction shopping’ fears

Unanimous decision reaffirms importance of English law provisions in derivatives contracts, say lawyers

BNPP-wins-English-court-case
The Court of Appeal ruled in favour of hearing a BNP Paribas swap dispute in England rather than Italy
Risk.net montage

A decision by an English court to throw out an Italian corporate’s attempt to move jurisdiction of an International Swaps and Derivatives Association agreement to Italy should soothe market participants’ concerns about alternative interpretations of the contract, say lawyers.

On May 7, the England and Wales Court of Appeal ruled in favour of BNP Paribas’ effort to hear a swap dispute against Italian company Trattamento Rifiuti Metropolitani in England. TRM wanted to have the matter heard in

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: