Serbia – Comment letter regarding review of Insolvency Act

ISDA and the European Bank for Reconstruction and Development have jointly submitted comments (in English and Serbian) to highlight the need to align provisions in the Insolvency Act with netting provisions in proposed Law on Collateral as drafted by the National Bank of Serbia (cf. EBRD/ISDA submission dated October 18, 2016), which includes provisions on financial collateral arrangements and netting.

Documents (1) for Serbia – Comment letter regarding review of Insolvency Act

Addressing Termination Troubles

When Enron announced a shock $618 million loss on October 16, 2001, it took a further 47 days until it filed for bankruptcy. For Bear Stearns, it took 266 days between its bailout of a structured credit fund run by...