Set-Off Law and Practice: An International Handbook - Hardcover

Hardcover

ISBN 10: 0199579717 ISBN 13: 9780199579716

Publisher: Oxford University Press, 2010

Synopsis

The 2nd edition of Set-Off Law and Practice - An International Handbook is an invaluable guide to the application and practice of the rules of set-off in over 30 jurisdictions spanning Europe, Asia and the Americas. The work provides an at-a-glance port of call for UK banking and finance solicitors and foreign lawyers who wish to establish the pitfalls of set-off in a foreign jurisdiction. Since the publication of the first edition the use of set-off as a mechanism for risk reduction in cross-border financial contracts has continued to increase and the global financial crisis has meant that cases of bankruptcy and insolvency are more common than ever.

Written by an expert contributor team from around the world, each chapter explains the principles of the rules of set-off in the jurisdiction concerned, followed by a short case study analysing the principles and relevant problems in practice. The book also includes comparative tables showing at a glance how the different aspects of set-off are applied in each country.

This second edition has been fully updated to take into account developments in legislation and case law. New jurisdictions including China, Russia, Romania and Turkey have been added along with an introductory chapter written by the Editors drawing together the common themes and practices from the individual jurisdictional chapters.

About this title

About the Author

Mr William Johnston is head of the banking law department at Arthur Cox. A solicitor and economics graduate of Trinity College, Dublin, he has been a partner with Arthur Cox since 1986. He is described as a 'Highly Recommended Individual' in Banking and finance practice by European Legal Experts, 2008 and PLC Which Lawyer? Yearbook, 2008 and as a 'Leading Individual in Banking & Finance practice' by Chambers Europe and Chambers Global in 2008. He is a member of Ireland's Company Law Review Group.
Dr Thomas Werlen is the General Counsel of Novartis and responsible for the Group's legal affairs. In addition, he is a member of the regulatory board of the SIX Swiss Exchange AG and a member of the New York bar and the Zurich bar.

Review

To...practitioners this user-friendly volume, on a subject often considered arcane, is warmly commended. Tothose with academic concerns, there is much to be gained from the practical focus on the types of agreements to which practitioners regularly have to bring their knowledge of set-off...but which are not...much considered. * Ross Gilbert Anderson, The Edinburgh Law Review * The editors can be congratulated on marshalling so many authoritative contributions into a coherant whole of considerable potential value to the international practitioner * Francis Neate, Insolvency and Restructuring International * The editors can be congratulated on marshalling so many authoritative contributions into a coherent whole of considerable potential value to the international practitioner. * Francis Neate, Former partner of Slaughter and May and Former President of International Bar Association * A succinct and lucid survey of set-off and netting covering 35 key jurisdictions and written by outstanding practitioners. This excellent work has solutions to the crucial questions and is an outstanding contribution to the literature on this vital subject * Phillip Wood, Allen and Overy LLP, London *

Edition details

• Publisher: Oxford University Press
• Publication date: 2010
• ISBN 10: 0199579717
• ISBN 13: 9780199579716
• Binding: Hardcover
• Language: English
• Edition number: 2
• Number of pages: 650
• Editor: Johnston William, Werlen Thomas