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VIPsight

Corporate Governance – portrayed in the individual cultural and legal framework, from the standpoint of equity capital.

VIPsight is a dynamic photo archive, sorted by nations and dates, by and for those interested in CG from all over the world.

VIPsight offers, every month:
transparent and independent current information / comments / facts and figures on corporate governance locally and internationally,

written by local CG experts,
selected and structured by the Club of Florence,
financed by its initiator VIP and other sponsors with a background of “Equity and Advisory” interests.

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Page 3 of 11

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On appeal, Deutsche Bank has won its case against Stadtwerke Pforzheim (SWP) over so-called Spread Ladder Swaps. Frankfurt Higher Regional Court confirmed that the bank had given adequate information regarding derivative transactions and therefore threw out the action for damages. In first instance, the Regional Court had found in favour of Stadtwerke, meaning the institute would have had to pay SWP €3.9 million for alleged wrong advice on derivatives. The bank appealed against this decision.