Waiver of Immunity - GMSLA Provision: Difference between revisions

Waiver of Immunity - GMSLA Provision (view source)

709 bytes removed , 28 December 2020

Replaced content with "{{Manual|MSG|2010|26|Clause|26|medium}}"

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-{{gmslaanat|26}}
+{{Manual|MSG|2010|26|Clause|26|medium}}
-[[Sovereign immunity]] is a particular issue in an [[agency lending]] arrangement because:
-*Structurally, sovereigns will tend to be [[Agent lender|lenders]] in an [[Agent lending|agency]] set up
-*The {{gmslaprov|Borrower}} [[title transfer]]s away a bigger slug of {{gmslaprov|collateral}} away than it borrows from the sovereign {{gmslaprov|Lender}}.
-*At any point, should the [[Sovereign]] decide to play [[who’s Queen]], the {{gmslaprov|Borrower}} is in the hole for 5.
-Interestingly, a [[pledge GMSLA]] might fix this problem by never transferring collateral to the Sovereign in the first place.
-{{contractual waiver of sovereign immunity}}
-{{sa}}
-*[[Sovereign immunity]]
-*[[Waiver of Immunity - Pledge GMSLA Provision]]