Negative interest rates: reflections on the role of formulae in contracts

Negative interest rates: reflections on the role of formulae in contracts

Simon Salzedo QC from Brick Court Chambers, and Varoon Saccaram, Senior Consultant at EY, examine the recent Court of Appeal decision in Netherlands v Deutsche Bank AG [2019] EWCA Civ 771 which determined that an interest rate defined in the ISDA Master Agreement could not be negative. This d

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About the author:

Miranda is a solicitor specialising in leveraged and acquisition finance. She trained at Hogan Lovells International LLP and qualified into the international banking and finance team. During her time at Hogan Lovells she worked on a variety of domestic and cross-border transactions, acting for both borrowers and lenders. She also experienced secondments to Barclays Bank PLC and Kaupthing Bank hf.