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).
Legal Opinions: For a full list of Legal Opinions & Legal Opinions under the ISDA IIFM Tahawwut Agreement (available to members only) – please click here
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 (countries listed in bold have some documents posted in the table below):
Czech Republic (collateral)
Isle of Man
These informal country updates are available to ISDA members. Please contact Peter Werner: firstname.lastname@example.org and Rose Millburn: email@example.com.
Click here to see the archive of CEE/EMEA documents.