ISDA response to European Commission consultation on conflict of law rules for securities and claims

ISDA responds to the questionnaire as part of the European Commission Consultation Document on conflict of laws rules for third party effects of transactions in securities and claims. The Commission has proposed a number of conflict of law rules with relevance to derivatives transactions in the context of the EU Collateral Directive, Settlement Finality Directive, the Hague Securities Convention and the UNCITRAL Assignment of Receivables Convention.

Documents (1) for ISDA response to European Commission consultation on conflict of law rules for securities and claims

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...