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ESMA publishes draft commodity derivative technical standards under MiFID II Recovery Package – ESMA

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has today published its Final Report on draft Regulatory Technical Standards (RTS) for commodity derivatives under the MiFID II Recovery Package. The draft RTS include proposals on the application procedure for position limit exemptions, a methodology to determine position limits and position management […]

How to handle derivatives close-out disputes | Feature | Law Gazette – Law Gazette

The decade-long legal battle between Lehman Brothers and various derivatives counterparties over terminated derivatives contracts when Lehman went bankrupt demonstrated just how contentious and complicated derivatives close-out disputes can be. Like any complex commercial transaction, derivatives transactions continue to be the subject of litigation where disputes which cannot be resolved commercially end up in court. […]