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Results: 1-10 of 35

Bail-In and Contractual Recognition: The Impact on US and Other Non-EU Counterparties and the Potential Impact of Brexit
  • Katten Muchin Rosenman LLP
  • European Union, United Kingdom, USA
  • August 29 2016

Following the 2008 banking crisis, governments around the world found themselves having to bail out large financial institutions by injecting capital


MF Global and Individual Defendants Finalize Settlement With Customers and Other Creditors
  • Katten Muchin Rosenman LLP
  • USA
  • July 24 2016

The infamous history of MF Global is closer to ending after the administrator for the bankrupt holding company filed a proposed notice of settlement


Lehman Brothers Court Holds Swap Safe Harbor Protects ‘Flip’ Transactions
  • Katten Muchin Rosenman LLP
  • USA
  • July 8 2016

The bankruptcy court overseeing the Lehman Brothers chapter 11 cases rejected efforts by Lehman Brothers Special Financing Inc. (LBSF) to recover


Fed Proposes Restrictions on Counterparties to Biggest Banks From Cancelling Certain Non-Cleared Financial Contracts After a Bank Enters Bankruptcy
  • Katten Muchin Rosenman LLP
  • Global, USA
  • May 8 2016

The Board of Governors of the Federal Reserve System proposed a rule that would require US global systemically important banking institutions to


US judge rules JP Morgan’s collateral requests to Lehman Brothers in its dying days were mostly okay
  • Katten Muchin Rosenman LLP
  • USA
  • October 4 2015

A federal judge in New York - the Hon. Richard J. Sullivan - mostly granted JP Morgan Chase Bank's motion to dismiss claims brought on behalf of


Defunct FCM MF Global to pay unsecured creditors up to 95 of their allowed claims
  • Katten Muchin Rosenman LLP
  • USA
  • July 26 2015

Unsecured general creditors of defunct MF Global, Inc. (other than those of its parent company MF Global Holdings Ltd.) will receive a final payment


Six industry organizations urge FSB to stop promoting potential suspension of counterparties’ early termination rights in US bankruptcy actions
  • Katten Muchin Rosenman LLP
  • USA
  • November 9 2014

Six trade associations representing non-dealer swap market participants sent a letter to the Financial Stability Board on November 4, urging the FSB


House Financial Services Committee releases staff report on MF Global
  • Katten Muchin Rosenman LLP
  • USA
  • November 16 2012

The US House of Representatives Financial Services Subcommittee on Oversight and Investigations (Committee) has released a report on the collapse of MF Global (Report


Lehman Brothers court, building on Semcrude and Swedbank decisions, denies triangular setoff by swap counterparty
  • Katten Muchin Rosenman LLP
  • USA
  • October 11 2011

The United States Bankruptcy Court for the Southern District of New York (the Court), has held that section 553(a) of the Bankruptcy Code prohibits a swap counterparty from setting off amounts owed to the debtor against amounts owed by the debtor to affiliates of the counterparty, notwithstanding the safe harbor provision in section 561 of the Bankruptcy Code and language in the ISDA Master Agreement permitting the swap counterparty to effect “triangular” setoffs


CFTC amends rule regarding operation of commodity brokers in bankruptcy
  • Katten Muchin Rosenman LLP
  • USA
  • July 30 2010

The Commodity Futures Trading Commission has announced that it will amend its Regulation 190.04(d)(2) regarding the operation of a commodity broker in bankruptcy