There have been a number of first instance decisions concerning the construction and effect of Section 2 (a) (iii) of the ISDA Master Agreement. The problem has been the conflicts between the various judgments, and in particular, with respect to the interpretation and effect of Section 2 (a) (iii). This has led to uncertainly as to how the Section is intended to operate.
United Kingdom, Derivatives, Insolvency & Restructuring, Litigation, Stephenson Harwood LLP, Condition precedent
Today, the Financial Services Authority (FSA) published Final Notices for Christchurch Investment Management Limited (Christchurch) and the firm's compliance officer, David Thornberry, for breaches of the FSA's client money rules (CASS rules).
We have seen an increasing number of pre-packs over recent years, how does a pre-pack work?
United Kingdom, Capital Markets, Insolvency & Restructuring, Stephenson Harwood LLP, Debt, Stock exchange, The Pensions Regulator (UK)