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Clifford Chance

Clifford Chance

Briefings

Update: New Information and Disclosure Requirements for Banks in Relation to Spread Ladder Swaps - May 2011

19 May 2011

On 22 March 2011, Germany's highest court in civil matters, the Bundesgerichtshof (BGH) decided on certain information and disclosure requirements for banks in the context of CMS Spread Ladder Swaps. Our newsletter dated March 2011 has already summarised certain key aspects of the BGH's decision. Following the publication of the judgment's reasoning, this newsletter now analyses the BGH's decision in greater detail and looks at implications for banks and their disclosure requirements.

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