Peruvian Law To Allow Netting Of Swap Transactions And Repurchase Agreements In Bankruptcy Proceedings
Mondaq Business Briefing › Peru Law Articles in English (2009)
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Peruvian Law To Allow Netting Of Swap Transactions And Repurchase Agreements In Bankruptcy Proceedings
Recent changes in Peruvian insolvency laws1 will now
allow financial institutions and insurance company counterpartiesto close-out and net obligations under derivatives and repurchaseagreements with Peruvian financial institutions or insurancecompanies which become subject to bankruptcy proceedings. TheBanking, Insurance and Investments Regulator2 in Peru(the "Superintendent") recently issued regulatio...See the full content of this document
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