- Interpreting the main provisions in ISDA Master Agreements (Waterfall IIC)
- Original news
- What are the key takeaways from the Waterfall IIC case?
- How did the issues arise?
- What are the practical implications for IPs dealing with claims for statutory interest under ISDA Master Agreements?
Restructuring & Insolvency analysis: Christopher Robinson, partner at Freshfields Bruckhaus Deringer LLP, assesses the key takeaways from the judgment in the Lehman ‘Waterfall’ litigation, which addresses the interpretation of the main provisions in the ISDA Master Agreements concerning interest on sums due following the close-out of transactions upon early termination.
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