Sberbank appeal win will help Russian swaps market – lawyers
Moscow court’s ruling in $1.1bn dispute sends “very positive signal”, but fears of similar cases remain
Derivatives lawyers have welcomed a decision by an appeals court in Moscow to overturn a first-instance verdict favouring Russia’s largest oil-pipeline company Transneft in a billion-dollar derivatives dispute with Sberbank. But legal risk remains a concern in the local market, with Russia’s central bank now asking systemically important lenders to provide details of derivatives trades.
“We
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