Banco Santander Totta SA v Companhia De Carris De Ferro De Lisboa SA & Ors [2016] EWHC 465 (Comm) (04 March 2016)

On 13 December 2016, the England’s Court of Appeal dismissed the case[1] brought by a group of Portuguese public sector transport companies against Santander Totta SA (“Santander Portugal”) in connection with nine interest rate swaps down to the tune of €1.3 billion[2]. The High Court on 24 March 2016 regarded as legal, valid and binding […]

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Introduction   On 4 March 2016, the High Court[1] rendered judgment on the first case tried under the Financial List, a special process introduced in the United Kingdom to handle complex claims related to financial markets. In order to be included on the list and be heard by specialist judges, a claim must be for […]

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