Steven Gamble (ZA)

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ISDA email notice ineffective

The English High Court has held that a bank had not validly exercised its contractual right to extend the term of a 5 year interest rate collar transaction, because its email notice was not due notice to the company. The collar was documented on the terms of a 1992 ISDA Master Agreement (Multi Currency – … Continue reading

Transacting in Africa – did you know?

Africa’s diversity is reflected in its legal systems.  The following legal curiosities give a taste of what makes the continent such an interesting, and sometimes challenging, place to transact. Did you know? A Nigerian guarantor cannot make payment under a guarantee denominated in South African Rand without a Certificate of Capital Importation. This is issued … Continue reading