The regional administrative tribunal in Tuscany (TAR) recently rendered a judgment – No. 6579 of November 11 2010 – on an issue which is gaining importance in Italy: the exercise by territorial entities (municipalities, provinces and/or regions) of the power to annul resolutions taken by them authorising the entering into of derivative transactions and the consequences of an annulment on derivatives transactions entered into on the basis of such prior authorisations.
March 02 2011
