Close out provisions in 2002 ISDA® Master Agreement construed like those in the 1992 version (High Court) | Practical Law

Close out provisions in 2002 ISDA® Master Agreement construed like those in the 1992 version (High Court) | Practical Law

In Lehman Brothers International (Europe) v Lehman Brothers Finance SA [2012] EWHC 1072 (Ch) (27 April 2012), the High Court gave guidance on how to construe the close out provisions of the 2002 ISDA Master Agreement.

Close out provisions in 2002 ISDA® Master Agreement construed like those in the 1992 version (High Court)

Practical Law UK Legal Update Case Report 0-519-4639 (Approx. 6 pages)

Close out provisions in 2002 ISDA® Master Agreement construed like those in the 1992 version (High Court)

by PLC Finance
Published on 24 May 2012 • England, Wales
In Lehman Brothers International (Europe) v Lehman Brothers Finance SA [2012] EWHC 1072 (Ch) (27 April 2012), the High Court gave guidance on how to construe the close out provisions of the 2002 ISDA Master Agreement.