Ships In The Night: Buyers And Sellers Of Trade Claims

Law360, New York (September 9, 2010, 10:31 AM EDT) -- Buyers and sellers of trade claims in bankruptcy cases often fundamentally disagree about if and when a trade is binding and what are its terms. The buyers are sophisticated players in this multibillion-dollar market, knowledgeable of a cadre of unwritten rules and practices they contend govern the parties’ behavior and obligations. Sellers can be first-timers, unfamiliar with those practices, who want to sell the claim for as much as possible, be paid quickly and be done. Those basic premises often conflict with what the buyers intend...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.