powered by Lexis^®PSL

LEXISNEXIS_ICONS_SUPPORT

Home / Banking & Finance / Derivatives / ISDA developments

Legal News

ISDA future-proofs arrangements against uncertainties posed by Brexit

ISDA future-proofs arrangements against uncertainties posed by Brexit

Published on: 09 January 2019

Published by: LexisPSL

ISDA future-proofs arrangements against uncertainties posed by Brexit
Why did ISDA publish credit support documents governed by Irish and French law?
Concerns deriving from Article 55 of the EU Bank Recovery and Resolution Directive 2014/59/EU
Concerns deriving from Article 46(6) of Regulation (EU) No 600/2014
How are they similar to, and different from, the English law credit support annex?
Do these credit support documents assist with facilitating compliance of regulatory initial margin regimes?
What will be ISDA’s next step?
What has the market’s reaction been to this publication?

Article summary

Banking & Finance analysis: Judith Lawless, partner at McCann FitzGerald in Dublin, explains how the International Swaps and Derivatives Association’s (ISDA) publication of Irish and French law governed credit support documents is part of a broader ISDA initiative responding to member demand for documentation governed by the laws of an EU Member State. Sign in or take a trial to read the full analysis.

Popular documents

What is practical completion?

What is practical completion?

Practical completion marks the end of the construction period of a project, when the works are 'finished' and the employer can occupy and/or use them. Practical completion also typically marks the start of the defects liability period/maintenance period.As explained below, practical completion is an

Overreaching—sales by trustees of land

Overreaching—sales by trustees of land

Broadly, the doctrine of overreaching enables purchasers (which includes tenants and mortgagees) in good faith for money or money’s worth to rely solely on the legal title. In the case of registered land, this means the entries entered on the register of title, as it records ownership of the legal

Recklessness in criminal cases

Recklessness in criminal cases

What is recklessness?In respect of some statutory offences and common law crimes the prosecution are required to prove a mental element of recklessness on the part of the defendant.Recklessness means unjustified risk taking on the part of the accused.Prior to the House of Lords decision in Re G

Forum non conveniens—scope and application

Forum non conveniens—scope and application

This Practice Note considers the doctrine of forum non conveniens, also referred to as the appropriate forum or the proper place for a dispute to be determined. This doctrine is of relevance when determining whether the courts of England and Wales have jurisdiction to hear a dispute and is applied