The English Court of Appeal has recently handed down a decision in Lomas and others v JFB Firth Rixson, Inc. and others, [2012] EWCA Civ 419 that, among other things, has provided an interpretation of Section 2(a)(iii) of the 1992 form of ISDA Master Agreement that mirrors the predominant market view of the correct interpretation of this Section. Section 2(a) in the ISDA 2002 Master Agreement is substantially the same as in the 1992 form of ISDA Master Agreement, so this interpretation is equally applicable to both Agreements ... 


type ISDA Master Agreement, Section 2(a)(iii): Interpretation by the English Court of Appeal