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ISDA has welcomed the Court of Appeal’s judgment in the case Lomas and others v. JFB Firth Rixson, Inc and others, dealing with the interpretation of Section 2(a)(iii) of the ISDA Master Agreement
The judgment in Global Trader Europe Limited delivered on 24 March 2009 will be of great interest to those firms who either hold "client money" or seek the protection of the client money regime
