Structured credit products – key Australian decisions

In late 2012, the Federal Court of Australia handed down first instance judgments in two interesting cases involving claims brought by the purchasers of structured credit products prior to the widespread dislocation in the global market for such products. Each involved questions relating to the liability of those that structure and sell structured credit products … Read more

Clearing brokers’ duties when exercising close out powers

In the current economic climate, brokers will find the decision of the High Court (UK) in Euroption of considerable interest, since it considers the duties of a broker which is conducting a close-out and liquidating the position of a client who is in a state of default. Euroption Strategic Fund Limited v Skandinaviska Enskilda Banken AB [2012] EWHC 584 … Read more