ISDA, in collaboration with Clifford Chance, R3 and the Singapore Academy of Law, have published a joint white paper on the private international law aspects of smart derivatives contracts utilizing distributed ledger technology.
To mark the release of the paper, ISDA hosted a panel discussion with Scott O’Malia (CEO, ISDA), Ciarán McGonagle (Assistant General Counsel, ISDA), Caroline Dawson (Partner, Clifford Chance) and Jason Rozovsky (Assistant General Counsel, R3). The panel discussed the specific private international law issues raised in the white paper when trading derivatives in a DLT environment and the recommendations on how these issues might be clarified or resolved. The panel also highlighted two different examples of derivatives transactions, both of which use ISDA documentation and which are implemented on Corda, an open-source blockchain and smart contract platform developed by R3.
You can access this paper and ISDA’s other smart contracts papers here.