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Results: 1-10 of 89

Mercuria v Citigroup: the issues and implications for the commodities market
  • Reed Smith LLP
  • USA
  • May 26 2015

The judgment on the claim brought by Mercuria Energy Trading Pte Ltd and Mercuria Energy Group Ltd (Mercuria) against Citibank NA and Citigroup


Swap agreement safe harbors at risk in latest Lehman dispute
  • Reed Smith LLP
  • USA
  • March 17 2015

On May 30, 2014, hedge fund Moore Capital (Moore) brought suit against the Lehman Brothers bankruptcy estate (Lehman) in the Southern District of New


Supreme Court upholds secured creditor’s right to credit bid in a bankruptcy case
  • Reed Smith LLP
  • USA
  • June 4 2012

The United States Supreme Court emphatically upheld a secured creditor’s right to credit bid in bankruptcy cases


Section 2(a)(iii): the suspense continues
  • Reed Smith LLP
  • Global, United Kingdom
  • April 12 2012

Anyone with a passing knowledge of derivatives law will be aware of the controversy created by section 2(a)(iii) of the ISDA Master Agreement


Cross-affiliate netting provision in ISDA swap agreement is not enforceable against the debtor
  • Reed Smith LLP
  • USA
  • December 19 2011

The issue decided in this case is whether a cross-affiliate netting provision in an ISDA swap agreement is enforceable against a debtor in bankruptcy


Credit swap agreement ipso facto clause struck
  • Reed Smith LLP
  • USA
  • September 14 2011

Lehman Brothers Special Financing and Ballyrock entered into an ISDA Master Agreement to engage in credit swaps, in connection with which Lehman’s parent provided a guarantee


Sanctions update
  • Reed Smith LLP
  • European Union, Iran, Libya, Syria, United Kingdom, USA
  • May 13 2011

This is a two part sanctions update


ISDA Master Agreement: High Court interprets Section 2(a)(iii)
  • Reed Smith LLP
  • United Kingdom
  • February 18 2011

For all of the legal difficulties which market participants are facing in light of the insolvency of Lehman Brothers, the insolvency is providing the Courts with the opportunity to pass judgment on many of the tricky provisions of the 1992 and 2002 versions of the ISDA Master Agreement (together the "Agreements"


Swaps
  • Reed Smith LLP
  • USA
  • December 1 2010

We are seeing more and more challenges by borrowers to swaps


Hedging activities result in sales factor distortion
  • Reed Smith LLP
  • USA
  • November 9 2010

Last week, Judge A. James Robertson II of the San Francisco Superior Court yet again ruled against General Mills in the ongoing saga over whether (and how) hedging transactions are included in the sales factor