Set-Off Law and Practice
The third edition of this guide covers the application and practice of the law of set-off in over thirty jurisdictions spanning Europe, Asia and the Americas. Each chapter explains the principles of the law of set-off in the jurisdiction concerned, and provides a comparative guide for banking and finance lawyers wishing to establish the pitfalls of set-off in a foreign jurisdiction. Every chapter has been updated to contain new material specifically devoted to cross-border aspects, including analysis of choice of law issues. Fully updated legal analysis is also provided, with an emphasis on how set-off may be used as security and the application of insolvency set-off: taking into account new legal developments in the various jurisdictions and reflecting recent changes to legislation in the financial sector relating to bank and other financial firm resolution.