Set-off Law and Practice 2e

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. 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 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 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 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 Review1. Introduction; 2. Argentina; 3. Australia; 4. Austria; 5. Belgium; 6. Brazil; 7. Canada; 8. Chile; 9. China; 10. Czech Republic; 11. Denmark; 12. England; 13. Finland; 14. France; 15. Germany; 16. Hong Kong; 17. India; 18. Ireland; 19. Italy; 20. Japan; 21. Luxembourg; 22. Mexico; 23. The Netherlands; 24. New Zealand; 25. Poland; 26. Portugal; 27. Romania; 28. Russia; 29. Singapore; 30. South Africa; 31. South Korea; 32. Spain; 33. Sweden; 34. Switzerland; 35. Turkey; 36. USA