In this article, the authors discuss HM Treasury’s proposal for the introduction of a special administration regime for systemic digital settlement asset (DSA) firms through the application of the existing Financial Market Infrastructure SAR and the Payment and E-Money SAR.
1 OCT 2022We consider the practical steps and considerations for creditors when faced with a potential event of default (EOD) under their credit documentation. We also assess the consequences for a creditor in taking enforcement action in reliance on an EOD that has not actually occurred, cannot be relied on, or is disputed.
1 MAR 2023