Securities Law Issues

Securities Law in 2013

United States views on international law [1] in relation to Securities Law: In 2013, the International Institute for the Unification of Private Law (“UNIDROIT”) completed negotiations on a set of Principles on the Operation of Close-Out Netting Provisions. The Principles are available at (link resource) unidroit.org/instruments/capitalmarkets/netting. Close-out netting is one of the main tools used by financial institutions and others to manage counterparty risk. Ensuring that netting provisions in contracts are enforceable is also important for managing systemic risk. The Principles are designed to encourage countries to provide in their domestic law at least some minimum level of enforceability for netting provisions. The United States government was involved in the negotiations and strongly supports the Principles.

Resources

Notes

1. Securities Law in the Digest of United States Practice in International Law