Internal swap: not a funding transaction | Practical Law

Internal swap: not a funding transaction | Practical Law

The High Court has held that a swap between two departments of one legal entity cannot be considered a funding transaction for the purposes of an indemnity clause.

Internal swap: not a funding transaction

Practical Law UK Articles 0-618-8430 (Approx. 3 pages)

Internal swap: not a funding transaction

by Freshfields Bruckhaus Deringer LLP
Published on 24 Sep 2015 • United Kingdom
The High Court has held that a swap between two departments of one legal entity cannot be considered a funding transaction for the purposes of an indemnity clause.