Under the Global Master Repurchase Agreement (the "GMRA"), a standard form agreement produced by The Bond Market Association and the International Securities Market Association, all of the events of default (with one exception) require both (i) the occurrence of an event and (ii) service by the non-defaulting party of a default notice on the defaulting party.
United Kingdom, Insolvency & Restructuring, Litigation, Reed Smith LLP, Liquidation, Default (finance), Liquidator (law)
This article was first published in The Bankruptcy Strategist
When a traditional nonbanking company files a case under the Bankruptcy Code, a judge is appointed to be the neutral arbiter of disputes that arise between the debtor and its creditors.
USA, Banking, Insolvency & Restructuring, Litigation, Reed Smith LLP, Standard of review, Liquidation, Judicial review, Federal Deposit Insurance Corporation (USA), Financial Stability Oversight Council, Title 11 of the US Code
Introduction
USA, Banking, Insolvency & Restructuring, Reed Smith LLP, Foreign direct investment, Consumer protection, Unsecured debt, Liquidation, Judicial review, Federal Deposit Insurance Corporation (USA), Dodd-Frank Wall Street Reform and Consumer Protection Act 2010 (USA), Title 11 of the US Code, Federal Deposit Insurance Act 1950 (USA), US Secretary of the Treasury