Many counterparties are dealing with the impact of market volatility, unprecedented margin calls and the combined effects on their financial contracts, many of which are active master agreements executed years ago. It is important to check for terms like, “may” verses “shall”, applicable notice requirements and cure periods associated with default triggers and finally, the
Greenberg Traurig is proud to host and participate in the Asia Cloud Computing Association (ACCA) and the Futures Industry Association of Japan (FIAJ) program “Cloud Computing Services Usage by the Financial Services Industry – Business Models and Regulatory Approach” in the GT Tokyo office on Nov. 1, 2016. GT Shareholders Koichiro Ohashi and Lori Nugent
On Aug. 12, 2016, the World Economic Forum in Davos issued a report that predicts that distributive ledger systems, or blockchains, could enable banks to offer cheaper, faster and more secure services, without using bitcoin or other virtual currencies for transactions, according to the New York Times. Distributed ledger technology, or blockchain, is a system