In 2014, the International Swaps and Derivatives Association, Inc. (“ISDA”), published the 2014 ISDA Credit Derivatives Definitions (the “Definitions”), which updated the 2003 ISDA Credit Derivatives Definitions.[1]
Portugal, Banking, Derivatives, Insolvency & Restructuring, Orrick, Herrington & Sutcliffe LLP, Swap (finance), Credit default swap, International Swaps and Derivatives Association
The U.S. Court of Appeals for the Third Circuit ruled on May 1, 2012 that a provision of the U.S. Bankruptcy Code allowing the assignment of insurance policies as part of a bankruptcy reorganization overrides the anti-assignment clause of an insurance policy. In re: Federal-Mogul Global Inc., No.
USA, Insolvency & Restructuring, Insurance, Litigation, Orrick, Herrington & Sutcliffe LLP, Third Circuit