Legal Updates

The Spanish National Commission on Markets and Competition ("CNMC") has fined Banco Santander, Banco Bilbao Vizcaya Argentaria, Caixabank and Banco Sabadell €91 million for colluding from 2006 to 2016 to charge above-market prices for the interest rates of derivatives that were used as instruments for the hedging of the interest rate risk associated with syndicated loans granted in the context of project finance.

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The information provided is not intended to be a comprehensive review of all developments in the law and practice, or to cover all aspects of those referred to.
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