Swap 4175: how a hedged loan became a €600m dispute

City of Linz v Bawag case underlines risks in municipal derivatives

arbitrage
Not always black and white: muni swap dispute is rumbling on

Swaps mis-selling cases have marched across Europe in recent years, with claims being filed from Norway and Germany to Portugal and Italy. Often the plaintiffs have been municipal derivatives users or public-sector enterprises, which allege they were bundled into risky, inappropriate trades. The legal arguments are playing out anew in Austria, where one of the biggest civil cases in the country's history currently hangs in the balance.

"There have been other disputes between banks and

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 info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

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