powered by Lexis^®PSL

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

LEXISNEXIS

Conditions precedent in commercial contracts

This Practice Note considers the meaning and use of conditions precedent in commercial arrangements. It also considers typical conditions precedent and drafting issues.What are conditions precedent?A condition precedent in a commercial contract details an event which must take place before:•a

LEXISNEXIS

Ad hoc arbitration—an introduction to the key features of ad hoc arbitration

An ad hoc arbitration is any arbitration in which the parties have not selected an institution to administer the arbitration. This offers parties flexibility as to the conduct of the arbitration, but less external support for the process. It can be quicker than institutional arbitration but not if

LEXISNEXIS

Forming enforceable contracts—intention to create legal relations

An intention to create legal relations is requiredThere are various situations in which a court will hold that an agreement is not binding because, though supported by consideration, it was made without any intention of creating legal relations (see, eg, Blue v Ashley).Did the parties intend to

LEXISNEXIS

Codicils

Codicils may be used for making any alteration in a Will such as to alter the executors or make changes in legacies, whether by addition or deletion but that is by no means their only use. As a general rule, substantial changes are best achieved by means of a new Will and codicils are more