ISDA Response to the Quebec Charter of the French Language Proposed Amendments

The International Swaps and Derivatives Association, Inc. (“ISDA”) submitted a comment letter regarding proposed amendments to the Charter of the French Language, which would have a substantial impact on the derivatives industry in Quebec. ISDA proposed that the section at issue would not apply to contracts by mutual agreement in which the special terms and conditions specific to the parties were negotiable between them.

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...