- New considerations for contractual stays
- Original news
- What are the requirements?
- To which firms do the rules apply?
- To which firms do the rules not apply?
- What is a 'material amendment'?
- Why have the rules been promulgated?
- What will the effect of these rules be on derivatives and financial instruments, such as repos, which are subject to contractual set off and netting?
- What impact will there be on derivatives documents?
- How can lawyers best prepare their clients for the new rules before they come into force in June 2016?
Banking & Finance analysis: Between 2016 and 2017, significant changes to the law governing stays in derivatives contracts will come into effect, bringing many new considerations for lawyers to familiarise themselves with. Michael Beaton, managing partner at Derivatives Risk Solutions, explains how the law change will affect third-country organisations, having a considerable effect on business arrangements outside the EEA.
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