ISDA® Argues Against Application of Bankruptcy Code Mutuality Requirement to Swedbank Swap Setoff | Practical Law

ISDA® Argues Against Application of Bankruptcy Code Mutuality Requirement to Swedbank Swap Setoff | Practical Law

An update on ISDA filing an amicus brief in Swedbank AB v. Lehman Brothers Holdings Inc. urging the court to nullify the mutuality requirement of Bankruptcy Code Section 553(a) for setoff under a swap agreement against a debtor in bankruptcy using the safe harbor provisions of Bankruptcy Code sections 560 and 561.

ISDA® Argues Against Application of Bankruptcy Code Mutuality Requirement to Swedbank Swap Setoff

by PLC Finance
Published on 16 Jul 2010 • USA (National/Federal)
An update on ISDA filing an amicus brief in Swedbank AB v. Lehman Brothers Holdings Inc. urging the court to nullify the mutuality requirement of Bankruptcy Code Section 553(a) for setoff under a swap agreement against a debtor in bankruptcy using the safe harbor provisions of Bankruptcy Code sections 560 and 561.