ISLA Publish Bankruptcy Remoteness Opinions to Support the GMSLA Security Interest over Collateral Agreement

ISLA is delighted to announce the release of four additional bankruptcy remoteness opinions to support the Global Master Securities Lending Agreement (Security Interest over Collateral – 2018 version), published on 27 November 2018.

ISLA appointed Freshfields and Arendt to provide the opinions upon the request of the ISLA Legal Steering Group (LSG) chaired by Jamie Pullen, Bank of America.  The opinions are available to all ISLA members.

The Association is pleased that it was able to act on the recommendation of the group, to further the development of the ISLA Pledge documentation.

For more information on the GMSLA Security Interest framework, as well to access the opinions, please click here.

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