To swap or not to swap? Considerations in the face of counterparty insolvency

To swap or not to swap? Considerations in the face of counterparty insolvency

JIBFL Jan 2016 Page 1

In this month’s Butterworth’s Journal of International Banking and Financial Law, Jonathan Clark and Sayra Tekin at Slaughter and May consider what happens when, in the absence of ISDA or other governing legal terms, a counterparty to a swap becomes insolvent before the final exchange date (at which the legs of the swap are due to be performed simultaneously).

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About the author:

Neeta started her legal career at Allen & Overy in 2008 in the midst of the global financial crisis and the collapse of Lehmans where she gained most of her paralegal experience.

Neeta also did a short stint in litigation at the Revenue and Customs Prosecutions Office in 2006. Neeta graduated with a 2:1 honours degree from University of London, Queen Mary College and went on to obtain a distinction from the College of Law in the Legal Practice. She has been working at Lexis Nexis since April 2013.