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About: Haugesund Kommune v DEPFA ACS Bank     Goto   Sponge   NotDistinct   Permalink

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Haugesund Kommune v DEPFA ACS Bank [2010] EWCA Civ 579 and the subsequent decision in Haugesund Kommune v DEPFA ACS Bank (No 2) [2011] EWCA Civ 33 were decisions of the English Court of Appeal relating to the consequences of certain swap transactions which had been entered into between the Irish bank and the Norwegian kommune, but were held to be beyond the powers of ("ultra vires") the kommune.