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With the effluxion of time some of the heat seems to have gone out of the debate, and new policies, or market-led solutions, have taken hold. | With the effluxion of time some of the heat seems to have gone out of the debate, and new policies, or market-led solutions, have taken hold. | ||
====Litigation=== | ====Litigation==== | ||
There is a (generous) handful of important authorities on the effect under [[English law]] or [[New York law]] of the suspension of obligations under Section {{isdaprov|2(a)(iii)}} of the {{isdama}}, and whether [[flawed asset]] provision amounts to an “[[ipso facto]] clause” under the [[US Bankruptcy Code]] or violates the “[[anti-deprivation]]” principle under [[English law]]. | There is a (generous) handful of important authorities on the effect under [[English law]] or [[New York law]] of the suspension of obligations under Section {{isdaprov|2(a)(iii)}} of the {{isdama}}, and whether [[flawed asset]] provision amounts to an “[[ipso facto]] clause” under the [[US Bankruptcy Code]] or violates the “[[anti-deprivation]]” principle under [[English law]]. | ||