Following the onset of the financial crisis, Spanish courts began looking closely at interest rate swaps. Perez-Llorca’s Guillermina Ester says their decisions have been controversial
An interest rate swap (IRS) is a contract in which a bank and a contracting party agree to exchange amounts of money calculated on the basis of different interest rates (eg, the Euribor and a fixed interest rate). Both amounts are set off against each other and, as a result, one of the parties pays the net remainder to the other.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]