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English court rules on ISDA close-out provisions in Lehman claim

By Benjamin Clarke

12 March 2018

In “the most detailed consideration to-date” of close-out provisions under the widely-used 2002 International Swaps and Derivatives Association Master Agreement, the High Court in London has ruled in favour of a Filipino electricity provider against a subsidiary of collapsed financial services firm Lehman Brothers.

English court rules on ISDA close-out provisions in Lehman claim London