Turin

Piedmont ordered to pay 36 million euros by London court

Region sought to overturn last ruling on Dexia, Intesa payments

Piedmont ordered to pay 36 million euros by London court

Turin, July 25 - A London tribunal on Thursday rejected an attempt by the Italian region of Piedmont to overturn a previous court order to pay Dexia and Intesa Sanpaolo 36 million euros, according to the banks' legal representatives Cleary Gottlieb Steen Hamilton. The lawsuit was over interest-rate swap contracts.

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