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Haugesund Kommune and Narvik Kommune v Depfa ACS Bank

Herbert Smith Freehills LLP
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United Kingdom
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July 7 2010

Depfa ACS Bank, an Irish bank, (the "Bank") entered into two "zero coupon swap agreements" (the "Swaps") (so called because the Bank paid no interest on the agreements) with two Norwegian local authorities, Haugesund and Narvik (the "Kommunes"

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Haugesund Kommune and Narvik Kommune v Depfa ACS Bank

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