Tag: ISDA Master Agreement Section 2(a)(iii)
The implications of implied terms
Implied contract terms-Where are we? When considering the terms that may be implied into contracts it is always important to note that courts are in no way inclined to ‘rewrite’ legal documents. There are very few situations where a term is deemed to be ‘implied’ under English Law. Indeed many of the relevant authorities on […]
ISDA Master Agreement: Amendments to Section 2(a)(iii) Finalised
On 19 June 2014 ISDA published its long-awaited amendment to Section 2(a)(iii) of the ISDA Master Agreement. The amendment allows market participants to insert a time limit on the operation of Section 2(a)(iii) in circumstances where an Event of Default has occurred in relation to one of the parties, as detailed below. If an Event […]