Oral modification of ISDA Master Agreement permitted (High Court) | Practical Law

Oral modification of ISDA Master Agreement permitted (High Court) | Practical Law

In AS Klaveness Chartering v Pioneer Freight Futures Co Ltd & Anor [2009] EWHC 3386 (Comm), the High Court decided that an oral agreement between two parties constituted an oral collateral agreement, which had the effect of amending the terms of an ISDA Master Agreement.

Oral modification of ISDA Master Agreement permitted (High Court)

Practical Law UK Legal Update Case Report 9-504-2854 (Approx. 4 pages)

Oral modification of ISDA Master Agreement permitted (High Court)

by PLC Finance
Published on 29 Dec 2009 • United Kingdom
In AS Klaveness Chartering v Pioneer Freight Futures Co Ltd & Anor [2009] EWHC 3386 (Comm), the High Court decided that an oral agreement between two parties constituted an oral collateral agreement, which had the effect of amending the terms of an ISDA Master Agreement.