ISDA's CEE/Middle East/Africa work promotes the understanding of legal and documentation issues and advocates for improvements in the legal regime of jurisdictions across emerging markets in Europe, the Middle East and Africa.
Central & Eastern Europe: Particular emphasis is put on EU member states and candidate countries including Poland, Czech Republic, Slovakia, Hungary, Slovenia, Romania, Bulgaria, the Baltic states and Croatia. Russia, Kazakhstan, Ukraine are ISDA’s priority jurisdictions in the CIS region.
Middle East: ISDA focuses on the Gulf Cooperation Council (GCC) region, including Bahrain, UAE, Qatar and Saudi Arabia plus Pakistan in the wider Middle Eastern region. All jurisdictions in the GCC region need further improvements of their respective legal framework for derivatives transactions generally. The issues in question regard a wide range of topics from the areas of insolvency, property and contract law.
Africa: ISDA legal opinions currently cover South Africa and Mauritius. ISDA is working on a number of other jurisdictions in both sub-Saharan Africa (Nigeria) as well as Northern Africa (Egypt, Morocco).
Informal Country Updates: As part of ISDA’s work on law reform matters in a number of jurisdictions of growing relevance to the market ISDA has published several informal country updates that are available to ISDA members. Informal country updates have been published on the following jurisdictions:
Andorra Angola Bulgaria Croatia Czech Republic (collateral) Denmark Gibraltar Hungary Isle of Man Israel |
Kazakhstan Lithuania Malta (collateral) Mauritius Morocco Nigeria Northern Ireland Pakistan Poland |
Romania Russia Serbia Slovakia Slovenia (collateral) South Africa Tanzania UAE Ukraine
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These informal country updates are available to ISDA members. Please contact Peter Werner: pwerner@isda.org.
Click here to see the archive of CEE/EMEA documents.