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    Pay-if-paid clauses and payment bonds

    19 June 2013

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    Court holds notice of potential claim letter satisfies policy requirements

    13 August 2007

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    MAC clause asserted to prevent liability for exit financing in Solutia bankruptcy proceeding

    11 February 2008

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    Lehman bankruptcy developments that affect trading counterparties

    05 January 2009

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    Litigation challenges counterparty right to withhold payments under Section 2(a)(iii) of ISDA Master Agreement as violation of automatic stay provisions of US Bankruptcy Code

    11 August 2009

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    Lehman bankruptcy court holds ISDA swap counterparty in violation of automatic stay/counterparty seeks modification

    29 September 2009

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    Lehman bankruptcy court rules on right to withhold payment under ISDA Master Agreement

    29 September 2009

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    Bankruptcy court orders swap counterparty to pay Lehman Brothers despite event of default

    25 September 2009

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    Bankruptcy court prohibits counterparty's suspension of payments to Lehman under open derivative contract

    06 October 2009

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    US Bankruptcy Court denies counterparty contractual right to withhold payments under Section 2(a)(iii) of the ISDA Master Agreement

    02 October 2009

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