International Financial Law Prof Blog

Editor: William Byrnes
Texas A&M University
School of Law

Thursday, August 20, 2015

Key Derivatives Cases 2015 - Newly Released

Rupert Macey-DareUniversity of Oxford - Saint Cross College; Middle Temple; Minerva Chambers

Link to Paper Here 

The paper considers key derivatives cases in the English courts from 2015, namely: Wani v Royal Bank of 6a00d8341c4eab53ef019104927134970c-800wiScotland, Dexia v Commune di Prato, Enasarco v Lehmans, SwissMarine v O.W. Supply, and MHB Bank v Shanpark.

Derivative products covered include: base rate swaps, interest rate swaps, caps, collars and corridors, extendable swaps, constant proportional portfolio insurance (CPPI) funds, fund options, and contracts for difference (CFDs).

ISDA 1992 and 2002 Master Agreement provisions considered include s. 2 Obligations, s. 6 Early Termination, s. 6(f) Set-off, s.13(b) Jurisdiction, s.14 Definitions of Loss and Market Quotation.

Additional cases will be added in due course.

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