Metavante vs. Section 2(A)(III)(1) of the ISDA Master Agreement: The Context is Everything
31 FUTURES & DERIVATIVES L. REP. 18 (Apr. 2011)
36 Pages Posted: 12 Oct 2016
Date Written: April 1, 2011
Abstract
This paper discusses the evolution of the ISDA Master Agreement. Furthermore, it discusses the disparate decisions of the U.S Bankruptcy Court of the Southern District of New York in the Lehman vs. Metavante matter and of the High Court of Justice in the Lehman vs. Lomas matter on the same issue of whether Section 2(a)(iii) of the ISDA Master Agreement is enforceable in the insolvency context.
Keywords: ISDA Master Agreement, Section 2(a)(iii), Payment Suspension Clause, Lehman Brothers Bankruptcy
JEL Classification: G33, K12, K22, N20, G10, G20, G30
Suggested Citation: Suggested Citation
Marchetti, Peter, Metavante vs. Section 2(A)(III)(1) of the ISDA Master Agreement: The Context is Everything (April 1, 2011). 31 FUTURES & DERIVATIVES L. REP. 18 (Apr. 2011) , Available at SSRN: https://ssrn.com/abstract=2809860
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