Venice Says €125M Dexia, Banca Intensa Swaps Are Void

By Najiyya Budaly ( March 10, 2021, 6:13 PM GMT) -- Venice has told a London court that it didn't have the authority to enter into a €125 million ($149 million) debt restructuring deal, which was not approved by the municipality's council as required by Italian law, so the transactions are void....

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