Derivatives Treatment in Bankruptcy Proceedings

Willa Bruckner and Will Sugden presented this teleconference hosted by Strafford.  The seminar examined the safe harbor provisions of the bankruptcy code for derivative contracts, how to proceed with trade agreements in the face of bankruptcy and best practices to minimize risk when a significant counterparty becomes insolvent.  Following is an outline of the program.

• Safe harbor provisions of bankruptcy code for derivatives
  • Code definitions of derivatives and counterparties
  • Safe harbor protections
  • Limitations on safe harbor protections
  • SIPA
• Reducing counterparty risk
  • Analyze trading agreements and documentation
  • ISDA master agreements
  • Lessons from Lehman
• Post-petition trading activity

September 10, 2009
1:00pm - 2:30pm