We use cookies to customise content for your subscription and for analytics. If you continue to browse Lexology, we will assume that you are happy to receive all our cookies. For further information please read our Cookie Policy.
USA - September 19 2012
The Dodd-Frank Wall Street Reform and Consumer Protection Act and related regulations have introduced a wide variety of new rules governing activities in the previously unregulated swap market and imposing significant obligations on swap market participants.
USA - August 10 2012
After two years of uncertainty, joint final rules released by the U.S. Securities and Exchange Commission (“SEC”) and the U.S. Commodity Futures Trading Commission (“CFTC”) in July have provided important guidance for the loan market about the definitions of “swap,” “security-based swap” and other key terms underlying the new derivatives regulatory framework required by the Dodd-Frank Wall Street Reform and Consumer Protection Act.
USA - July 19 2012
Although the syndicated loan market was not a focus of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the legislation introduced uncertainty regarding whether loan participations would be regulated as swaps.
Greece - March 16 2012
Greece is proceeding with the largest sovereign debt restructuring in history after its bondholders accepted a significant debt reduction in the face of mounting evidence that a Greek default was inevitable without such relief.
Global, Iceland - November 29 2010
The rapid evolution of a robust secondary market for claims against the three largest failed Icelandic banks provides a powerful example of the prompt adaptation of an existing secondary-market legal framework -- originally developed in the US and Europe -- to a complex and novel bankruptcy regime and trading environment.
