KWM works with ASX to clear Australia's first OTC interest-rate swap
King & Wood Mallesons has worked with the Australian Securities Exchange (ASX) to clear Australia’s first interest-rate swap.
The King & Wood Mallesons derivatives team worked as the ASX’s legal adviser, advising on all legal and regulatory aspects of its new legal framework, including designing the structure for Australian and regional market needs, working with market participants and regional industry bodies, liaising with regulators and assisting with new facilitating legislation.
The creation of the Australian over-the-counter (OTC) derivatives clearing facility is a significant milestone for the ASX and a key plank of Australia’s commitment to the G20 reform of the OTC derivatives market.
News from King & Wood Mallesons
News from The Lawyer
Briefings from King & Wood Mallesons
High Court decides: liquidators of insolvent landlords can disclaim leases with the effect of extinguishing the tenant’s leasehold interest
In Willmott Growers Group Inc v Willmott Forests Limited, the majority of the High Court upheld the Victorian Court of Appeal’s conclusion that the liquidators of an insolvent landlord can disclaim a lease.
Queensland recently brought an interlocutory application seeking a declaration that its laws were valid until a court finally determined otherwise.
Analysis from The Lawyer
All-encompassing change is now a reality for the UK’s top 200 firms. How are they coping with the unprecedented upheaval? The Lawyer finds out