Financial, Swap Agreement, Upfront Financing, Local Authorities, Court of Cassation, Sec. Un., Judgment no. 8770 of 12/05/2020
TUEL, Legislative Decree no. 267 of 2000, arts. 42, paragraph 2, lett. i and 48, paragraph 2. SWAP AGREEMENT - STIPULATION BY LOCAL AUTHORITIES - AUTHORIZATION OF THE MUNICIPAL COUNCIL - NEED - FOUNDATION The Civil Civil Sections, deciding on a matter of maximum importance, stated that the authorization of the conclusion of a swap contract by the Italian Municipalities, especially if of the type with upfront financing, but also in all those cases in which the its negotiation, however, translates into the extinction of the previous underlying loan relationships or even their maintenance in life, but with significant modifications, must be...
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