After having lost a derivatives/SWAP case in the district court the company turned to Nilsson&Hobeich seeking help with the appeal. Nilsson&Hobeich won the case in the court of appeal and now the supreme court ruled in favour of the firm as well.
The company contacted Nilsson&Hobeich after their previous firm had lost their case in the district court. The judge deemed that current practice regarding derivatives were not applicable since the company is so large and have its own finance department. The appeal to the court of appeals in Las Palmas ruled in favor of Nilsson&Hobeich and states that practice includes larger company as well. A conclusion now confirmed by the supreme court.
Published by: admin in News