Deutsche Bank v Busto di Arsizio [2021] EWHC 2706 (Comm)
The Commercial Court (Financial List) has given a significant judgment in the first of the Italian swaps cases to consider the landmark Italian Supreme Court decision in Banca Nazionale Del Lavoro S.P.A v Municipality of Cattolica, holding that it was open to the English court to diverge from an authority of the highest court in a foreign legal system if satisfied on the evidence that the authority does not represent the law.