All businesses know that one key to profitability is risk management. Particularly in such industries as oil and natural gas, eligible financial contracts have emerged as an invaluable tool to hedge the risk associated with volatile foreign currency exchange, interest rates and commodity prices. Indeed, a large business has developed proffering over-the-counter derivatives (or ‘swaps’) and standardized exchange-traded derivatives (or ‘futures’) to do just that.
Canada, Derivatives, Insolvency & Restructuring, Litigation, McCarthy Tétrault LLP, Natural gas, Swap (finance), Commodity, Commercial law, Prejudice, Commodity market, Companies' Creditors Arrangement Act 1933 (Canada), Court of Appeal of Alberta