Template:2(a)(iii)

Section 2(a)(iii) litigation

This is one of the handful of important authorities on the effect of the suspension of obligations under Section 2(a)(iii) of the ISDA Master Agreement, and whether flawed asset provision amounts to an ipso facto clause under the US Bankruptcy Code or a violation of the anti-deprivation principle under English law.

Resources

• Lomas v Firth Rixson
• Marine Trade v Pioneer
• Pioneer v Cosco
• Pioneer v TMT
• Enron v TXU
• Metavante v Lehman

See also

• ISDA Anatomy