I - ISDA Terms
25/2/15
MHB-BANK AG v SHANPARK LTD [2015] EWHC 408 (Comm)
The provisions of a standard ISDA master agreement do not entitle a party claiming damages for the mis-selling of a swap to set-off those damages against the sums payable by that party on early termination of the swap agreement.
13/10/14
CREDIT SUISSE INTERNATIONAL v STICHTING VESTIA GROEP [2014] EWHC 3103 (Comm)
Although the defendant lacked capacity to enter into certain swap transactions, warranties given in the ISDA Master Agreement which it signed created a contractual estoppel preventing it from disputing its liability, alternatively the claimant was entitled to damages for breach of the warranties.
14/4/14
GREENCLOSE LTD v NATIONAL WESTMINSTER BANK PLC [2014] EWHC 1156 (Ch)
Considers how notice may be validly given under s 12a of the International Swaps and Derivatives Association (ISDA) Master Agreement (Multi Currency-Cross Border Form) 1992. On the facts notice to extend a collar transaction had not been in compliance with the ISDA terms and had been ineffective.