Bankruptcy Law Ramifications for Corporations

Published on:
12 September 2006 at 10:19 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00004254-bankruptcy-law-ramifications-for-corporat/

By Ed Zwirn, CFO.com

The effects of the recently passed bankruptcy law on individuals have received widespread publicity; corporate provisions of the new law have been largely overlooked. One set of provisions in the new law ? the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, to be enacted October 17 ? enables companies to net out transactions between counterparties and across derivative product lines.

Indeed, it modernizes U.S. commercial law by defining derivative products that didn’t exist when the relevant laws were last updated, in the early 1990s. The definitions, contained in Title IX of the act, affect products including repurchase agreements, credit derivatives, energy derivatives, and interest-rate swaps.

For this complete story, please visit The Bankruptcy Law and Basel II.

Bankruptcy Law Ramifications for Corporations

Unknown Author

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