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Derivatives Netting Agreements

Latham & Watkins LLP

Close-Out Netting in the Kingdom of Saudi Arabia

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In recent years, the Kingdom of Saudi Arabia (the Kingdom) has increasingly sought to position itself as a Middle Eastern jurisdiction that is open for global business. Key to this is establishing robust, competitive and...more

Jones Day

Mauritania's Parliament Approves a New Close-out Netting Regime

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The National Assembly of the Islamic Republic of Mauritania passed a bill fundamentally reforming the banking and financial markets in Mauritania....more

Jones Day

French Court Rules on Safe Harbor of Netting Agreements in Insolvency

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For the first time ever, a court in France has examined the compatibility of the statutory netting safe harbor with the French Constitution. The French High Court of Justice (Cour de cassation) addressed the preliminary...more

Seward & Kissel LLP

ISDA Releases Marshall Islands Netting Opinion

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On December 15, 2023, the International Swaps and Derivatives Association, Inc. (“ISDA”) published its legal opinion (the “ISDA RMI Opinion”) as to the enforceability under the law of the Republic of the Marshall Islands of...more

Seward & Kissel LLP

Simply Speaking - October 2023: Marshall Islands Netting Act

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On September 28, 2023, the Nitijela of the Republic of the Marshall Islands (“Nitijela”) during the 44th Constitutional Regular Session, 2023, enacted the Netting Act, 2023 (the “Netting Act”), which was certified by the...more

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