Banks and corporates may need to deal with counterparties who seek to renegotiate or fail to comply with their contractual obligations. In this section, we give practical tips for dealing with the early stages of disputes and examine the contractual provisions that are likely to lead to difficulties, including particular contracts that may come under the spotlight, such as the ISDA Master Agreement. We also set out the consequences of impaired or non-performance, including termination and enforcement.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.