By Richard Mazzochi and Minny Siu  King & Wood Mallesons’ Hong Kong office.

mazzochi_rsiu_mInternational Swaps and Derivatives Association, Inc. (“ISDA”) recently published the updated Legal memorandum on enforceability of close-out netting of privately negotiated derivatives transactions under ISDA Master Agreements in the PRC (“2017 Netting Memo”) and the new Memorandum of law on enforceability under PRC law of close-out netting of privately negotiated derivatives transactions under the ISDA Master Agreements against a PRC State Counterparty (“Sovereign Netting Memo”), both issued by King & Wood Mallesons (“KWM”). This article summarises the key points[1].

In response to Continue Reading ISDA publishes updated memoranda on China close-out netting