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Netting under CAMA 2020: sections 718 to 721

Chapter 28 covers netting and financial contracts.

Chapter 28 of Part B has 4 sections. Every section is listed below with its title.

Guides in this chapter

Netting agreements and qualified financial contracts under CAMA 2020Sections 718 to 721 make netting agreements and financial contracts such as swaps and repos enforceable even when one party is insolvent.ss. 718-721

Key rules in this chapter

Netting agreements are enforceable against an insolvent party (section 721).
A qualified financial contract is not void under gaming laws (section 720).

Previous: Chapter 27: Arrangements and compromiseNext: Chapter 29: Miscellaneous

Source: the Companies and Allied Matters Act 2020 as published in the Official Gazette.