Jessie Tang’s Post

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Partner (Registered Foreign Lawyer, New York State, USA)

For the first time in history, a French court has examined the compatibility of the statutory netting safe harbor with the French Constitution. The court has upheld that protecting against systemic risk, along with ensuring legal certainty and stability in the financial system, serves the public general interest. This landmark decision establishes a significant precedent, affirming the robustness of the legal framework and principles of close-out netting under French law. It represents a positive and crucial development for the French financial markets. To gain further insights into this decision, download our Commentary by clicking below. #EU #derivatives #insolvency

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