Peruvian Law To Allow Netting Of Swap Transactions And Repurchase Agreements In Bankruptcy Proceedings

Extract

---

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 counterparties

to close-out and net obligations under derivatives and repurchase

agreements with Peruvian financial institutions or insurance

companies which become subject to bankruptcy proceedings. The

Banking, Insurance and Investments Regulator2 in Peru

(the "Superintendent") recently issued regulatio...

See the full content of this document

---