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{{jcf|January 2020|

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The Devil’s Advocate Notes on the absurdity of office life.	For the legal eagles Common legal agreements, examined.	For malcontents Miscellany. And eggs.
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What’s in here The sidebar on the left should help you.

Your favourite pages What the Google says you’ve been reading this month.

Our favourites searches Your best questions this month. Anatomies: Clause-by-clause Anatomy and nutshell guides (hit the bar on the left) to ISDA and other master trading agreements. These may be incomplete, out of date, out of touch, flippant — well, they are flippant — but will still be better value and more entertaining than that awful FT book about derivatives; Book reviews culled from twenty indolent years sounding off on Amazon; Much flippancy about plain English, buzzwords, technology, negotiation, flannel, Latin, Greek, metaphor and eggs. Cross Default under an ISDA: that fabulously pointless Event of Default. Synthetic prime brokerage: What is it? How is it different from natural prime brokerage? Can I iron it? Independent Amount: What’s that again? Assignment by way of security: Is it the same as a charge? Automatic Early Termination ISDA’s crack drafting squad™’s “clever” end-run for silly insolvency regimes. What’s that all about? Netting of Payments: The ISDA clause that shouldn’t be! Set-off: Is it the same as close-out netting? Credit Support Document: Is it the same as a Credit Support Annex? (Spoiler: In America, Yes... in England, No.) ISDA Comparison What are the differences bvetween a 1992 ISDA and a 2002 ISDA? Should I care? (Spoiler: No.) Lastly, Tai Hing Cotton Mill v Liu Chong Hing Bank: A great case, fallen on hard times.