The Law on Financial Derivatives - Hardcover

Hudson, A.H.

9780421617704: The Law on Financial Derivatives

Hardcover

ISBN 10: 0421617705 ISBN 13: 9780421617704

Publisher: Sweet & Maxwell, 1998

Despite their significance in modern financing transactions, there is no law dealing specifically with derivatives. This work covers the commercial basis for the instruments and adapts existing legla principles from all fields in this area. Written for both lawyers and readers with no prior knowledge of the market, the book provides a comprehensive guide to the legal complexities of the derivatives market, enabling the reader to understand the structure of the products.

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Review:

A useful starting point for anyone becoming involved with derivatives.This lively little book gives a sound introduction to the terms and concepts involved in the market. The Lawyer

From the Author:

A new 2nd edition, analyses all developments in derivatives
The Law on Financial Derivatives, now in a greatly enlarged second edition, remains the only comprehensive text on the practical legal treatment of over-the-counter derivatives markets. The Second Edition encompasses the substantial development of English and US law in relation to derivatives and the changes in derivatives market practice. The text of the new edition has doubled the scope and discussion of the first edition.

Recent developments analysed in the text include new chapters on:-

� Restitution and termination of contracts � Derivatives dealer liability in UK and US � Collateralisation and credit support � Set-off on insolvency � Credit derivatives � Conflict of laws and derivatives dealing � Regulation of derivatives in UK, EU and internationally

And case studies on the following cases, including the impact on derivatives dealers’ business practices:- � Westdeutsche Landesbank v. Islington (1996) � Bankers Trust v. Dharmala (1997) � Kleinwort Benson v. Birmingham City Council (1996) � Guinness Mahon v. Kensington & Chelsea RLBC (1998)

In this rapidly growing marketplace, the structure of the products is exhaustively examined from the point of view of a trader, lawyer, and compliance officer, advising banks, funds and corporate end-users.

Alastair Hudson worked for Goldman Sachs and for Citibank NA in the derivatives field. He continues to lecture broadly on derivatives and banking law, and conducts a successful series of seminars and conferences for derivatives lawyers, traders and operations professionals. The Law on Financial Derivatives - Second Edition draws on this experience to provide a comprehensive, analytical and comprehensible account of this important marketplace.

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