Corporate and Financial Weekly Digest - March 2, 2012


In this issue:

- CFTC Proposal to Determine the Appropriate Minimum Block Sizes for Large Notional Off-Facility Swaps and Block Trades

- Delaware Chancery Court Upholds Arbitration Clause in Employment Agreement

- Illinois District Court Dismisses Action Based on Lack of Personal Jurisdiction Over Individual Corporate Officers

- UK Supreme Court Lehman Client Money Decision

- FSA Reports on Assessing Possible Sources of Systemic Risk from Hedge Funds

An excerpt from "CFTC Proposal to Determine the Appropriate Minimum Block Sizes for Large Notional Off-Facility Swaps and Block Trades"

In December 2010, the Commodity Future Trading Commission (CFTC) proposed a rule (the initial proposal) that set forth: (1) definitions for the terms "large notional off-facility swap" and "block trade"; (2) a method for determining the appropriate minimum block sizes for large notional off-facility swaps and block trades; and (3) a framework for timely reporting of such transactions and trades. The initial proposal also included provisions to protect the identities of swap counterparties by limiting disclosure of information and data relevant to the swap. In December 2011, the CFTC adopted a rule (the final rule) establishing time delays for the public dissemination of block trades and large notional off-facility swaps.

Please see full newsletter below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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