Santander is a municipality and a Spanish port city, capital
of the autonomous community and
historical region of Cantabria situated on the Cantabrian coast, north of the country. Bounded by the municipalities of Santa Cruz de Bezana
and Camargo, she
closes the north bay of the same name and is part of the club of the most beautiful bays in the world.
However, Santander Totta
is a bank!
A London court
sentenced the Portuguese State to pay 1800 euros
to Santander Totta.
Concerned the "swaps"
canceled by Passos
Coelho Government and Maria Luís Albuquerque.
The bill for taxpayers of this court
decision will be 1.8 billion euros, says the TSF. The sentence is not final and
is subject to appeal.
At issue is the
advanced process by Spanish bank
- which recently received
from the Portuguese State to
much of the Banif - by unilateral
termination decided by the previous
government nine contracts "swaps" concluded between 2005 and 2007.
The case
concerns nine swap contracts made by
four public companies (Metro of Lisbon and Porto,
Carris and STCP)
of a velue 1.2 billion (market value at the end of the first half of 2015),
writes TSF.
When, in 2013, the state considers them invalid, he ordered these companies
to cease to pay the related interest Santander, which in June 2015 exceeded
230 million euros.
In a
statement, Banco Santander Totta (BST) states that
the Commercial Court in London
- whose sentence was
now known - "beyond
[her] recognize overall
ratio, also stressed that it was clear throughout the negotiating process that BST duly advised public companies at the time of conclusion of 'swap' contracts. "
Thank you
for justice!
Saisi
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