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Debunking Derivatives — legally speaking

Continuing our series on legal and other concepts aimed at those working in tax, Ian Annetts, International Capital Markets Partner and Emer Hunt, Tax Department, Allen & Overy, London, discuss derivatives

 
Continuing our series on legal and other concepts aimed at those working in tax Ian Annetts International Capital Markets Partner and Emer Hunt Tax Department Allen & Overy London discuss derivatives
 
Derivatives have entered popular consciousness with tales of Nick Leeson and the fall of Barings Bank the bankruptcy of Orange County California the court battles of Hammersmith and Fulham culminating in the House of Lords finding that the local authority had been acting ultra vires in entering speculative swaps and more recently the rescue of Long Term Capital Management. Countless newspaper...

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