Beaumont Publishes Article on Validity of E-mail Notice Under ISDA Master Agreement
The Hedge Fund Law Report
May 23, 2014
On May 23, 2014, The Hedge Fund Law Report published an article by Friedman Kaplan litigation partner Anne E. Beaumont discussing the recent ruling by the High Court of England and Wales in Greenclose Limited v. National Westminster Bank PLC that e-mail is not an "electronic messaging system" by which notice may be given under the 1992 ISDA Master Agreement. Ms. Beaumont's article explains why the Greenclose decision may be relevant to users of 1992 ISDA Master Agreements governed by New York law. She also details how derivatives users can provide for e-mail as a notice method for transactions governed by the 1992 ISDA Master Agreement and suggests ways to avoid difficulties in giving notices.