This Paper discusses the differing opinions of the U.S. Bankruptcy Court for the Southern District of New York and of the High Court of Justice in London with respect to whether "Flip Clauses" are enforceable in the bankruptcy/insolvency context

This paper discusses the evolution of the ISDA Master Agreement. Furthermore, it discusses the disparate decisions of the U.S Bankruptcy Court of the Southern District of New York in the Lehman vs. Metavante matter and of the High Court of Justice in the Lehman vs. Lomas matter on the same issue...

En las últimas décadas, las microfinanzas se han convertido en una industria consolidada en maduros mercados urbanos, así como en los mercados de pequeñas ciudades rurales. Sin embargo el alcance en las profundas zonas rurales sigue siendo débil y el desarrollo de las microfinanzas...

From the being a poster child of microfinance development, Nicaragua became one of the nightmares for the industry. The negative influence on the countries' repayment culture of the Non-Payment Movement, ambiguously related to the new Sandinista government, is typically blamed for the crisis. A...