South Africa: Coronavirus (COVID-19) Illegal and Impossible Performances under Derivatives Transactions – Contractual Provisions and South African Common Law
ENSafrica, April 2020
Some reports claim that as many as one third of people around the world are subject to some degree of lockdown to stem the coronavirus (COVID-19) rate of infection. As a result, businesses everywhere are facing unprecedented circumstances that most of us would agree could never have been imagined, and certainly not anticipated, in negotiating a contract...
Finally some clarity on impending margin requirements for OTC derivatives
ENSafrica, October 2017
On 8 August 2017, the South African Financial Services Board (“FSB”) released for comment the second draft of the Board Notice entitled “Margin Requirements for OTC Derivative Transactions” (the “Second Draft Board Notice”)...
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