The below table provides a high-level summary of the status of updates to ISDA’s netting, collateral and principal-to-principal clearing opinions in 2024. To access the most recent opinions, please visit our opinions library. If you have any questions, please reach out to the appropriate jurisdiction contact listed at the end of the below table.
| Country | Counsel | Opinion Type | Commission Date* |
| Andorra | Cases & Lacambra | Netting | Q3 |
| Anguilla | Harneys | Netting, Collateral | Q4 |
| Argentina | Estudio O’Farrell | Netting, Collateral | Q3 |
| Armenia | TK & Partners | Netting | Published |
| Australia | King & Wood Mallesons | Netting, Collateral, CM Reliance, Client Reliance | Q4 |
| Austria | Schoenherr Rechtsanwaelte GmbH | Netting, CM Reliance | Q2 |
| DLA Piper Weiss-Tessbach | Collateral | Q2 | |
| Bahamas | Higgs & Johnson | Netting, Collateral, CM Reliance | N/A |
| Barbados | Chancery Chambers | Netting, Collateral | Q3 |
| Belgium | DLA Piper | CM Reliance, Client Reliance | Q4 |
| Loyens & Loeff Advocaten – Avocats | Netting, Collateral | Q4 | |
| Bermuda | Appleby | Netting | Q3 |
| Harneys | Collateral, CM Reliance, Client Reliance | Q3 | |
| Brazil | Pinheiro Neto Advogados | Netting, Collateral, CM Reliance | Q3 |
| British Virgin Islands | Harneys | Netting, Collateral, CM Reliance, Client Reliance | Q4 |
| Canada | Osler | Netting, Collateral, CM Reliance | Q4 |
| Canada (Quebec) | Stikeman | Collateral | Q4 |
| Cayman Islands | Maples and Calder | Netting, Collateral, CM Reliance, Client Reliance | Q3 |
| Chile | Carey y Cia Ltda | Netting, Collateral | Q4 |
| China | King & Wood Mallesons | Netting, Collateral, CM Reliance | Q2 |
| Colombia | Gomez-Pinzon | Netting, Collateral, CM Reliance | Q4 |
| Costa Rica | Consortium Legal | Netting | Q3 |
| Croatia | Schoenherr Rechtsanwaelte GmbH | Netting, Collateral | Q4 |
| Curacao, Aruba, St. Maarten | Clifford Chance LLP | Netting, Collateral, CM Reliance, Client Reliance | Q4 |
| Cyprus | Harneys | Netting, Collateral, CM Reliance | Q4 |
| Czech Republic | Allen & Overy | Netting, Collateral, CM Reliance, Client Reliance | Q4 |
| Denmark | Gorrissen Federspiel | Netting, Collateral, CM Reliance, Client Reliance | Q3 |
| England and Wales | Linklaters | Netting, Collateral | Q4 |
| Allen & Overy | CM Reliance, Client Reliance | Q4 | |
| Finland | DLA Piper Finland | Collateral | Q4 |
| Hannes Snellman | Netting, CM Reliance, Client Reliance | Q4 | |
| France | Jones Day | Netting, Collateral, CM Reliance, Client Reliance | Q3 |
| Georgia | Dentons | Netting | Q4 |
| Germany | Clifford Chance Deutschland LLP | CM Reliance, Client Reliance | Q4 |
| Linklaters | Netting, Collateral | Q4 | |
| Greece | Karatzas & Partners | Netting, Collateral, CM Reliance, Client Reliance | Q2 |
| Guernsey | Ogier | Netting, Collateral, CM Reliance | Q2 |
| Hong Kong | Linklaters | Netting, Collateral, CM Reliance, Client Reliance | Q4 |
| Hungary | Allen & Overy LLP | Netting, Collateral, CM Reliance, Client Reliance | Q4 |
| Iceland | Logos | Netting, Collateral, CM Reliance | Q4 |
| India | Juris Corp | Netting, Collateral, CM Reliance | Q2 |
| Indonesia | Armand Yapsunto Muharamsyah & Partners | Netting, Collateral | Q4 |
| Ireland | McCann Fitzgerald | Netting, Collateral, CM Reliance, Client Reliance | Q3 |
| Israel | Yigal Arnon & Co. | Collateral | Published |
| Meitar Liquornik Geva Lesham Tal | Netting, CM Reliance | Q2 | |
| Italy | Allen & Overy | Netting, Collateral, CM Reliance, Client Reliance | Q4 |
| Japan | Linklaters | Netting, Collateral, CM Reliance | Q2 |
| Kazakhstan | Dentons Kazakhstan LLP | Netting | Q2 |
| Jersey | Ogier | Netting, Collateral, CM Reliance, Client Reliance | Q3 |
| Latvia | Eversheds Sutherland | Netting | Q4 |
| Liechtenstein | Gasser & Partner | Netting, Collateral, CM Reliance | Q2 |
| Lithuania | Sorainen | Netting | Q4 |
| Luxembourg | Linklaters LLP | Collateral | Q4 |
| Allen & Overy | Netting, CM Reliance, Client Reliance | Q4 | |
| Malaysia | Shearn Delamore and Co | Netting, Collateral, CM Reliance | Update pending |
| Malta | Ganado Advocates | Netting, Collateral, CM Reliance, Client Reliance | Q4 |
| Marshall Islands | Campbell Johnston Clark | Netting | Q4 |
| Mauritius | Appleby Global | Netting, Collateral, CM Reliance | Q3 |
| Mexico | Ritch Mueller | Netting, Collateral, CM Reliance, Client Reliance | Q3 |
| Netherlands | NautaDutilh N.V., the Netherlands | Collateral, CM Reliance, Client Reliance | Q3 |
| De Brauw Blackstone Westbroek | Netting | Q3 | |
| New Zealand | Bell Gully | Netting, Collateral, CM Reliance, Client Reliance | Q4 |
| Nigeria | G. Elias & Co | Netting | Q4 |
| Norway | Wiersholm | Netting, Collateral, CM Reliance, Client Reliance | Q3 |
| Peru | Baker & McKenzie | Netting, Collateral, CM Reliance | Q3 |
| Philippines | Morales & Justiniano | Netting, Collateral, CM Reliance, Client Reliance | Q4 |
| Poland | Allen & Overy | Netting, Collateral, CM Reliance, Client Reliance | Q4 |
| Portugal | PLEN Sociedade de Advogados, RL | Netting | Q4 |
| CARDIGOS e Associados | Collateral, CM Reliance, Client Reliance | Q4 | |
| Qatar (QFC) | Simmons & Simmons | Netting | Q3 |
| Romania | Leroy si Asociatii | Netting, Collateral, CM Reliance | Q4 |
| Russia | Clifford Chance | Netting, Collateral, CM Reliance | N/A |
| Scotland | CMS Cameron McKenna | Netting, Collateral, CM Reliance, Client Reliance | Q4 |
| Serbia | Schoenherr | Netting | Q4 |
| Singapore | Allen & Gledhill LLP | Netting, Collateral, CM Reliance, Client Reliance | Q2 |
| Slovakia | Allen & Overy Bratislava s.r.o. | Netting | Q4 |
| Slovenia | Boštjan Špec, odvetnik | Netting, Collateral, CM Reliance | Q4 |
| South Africa | DLA Piper | Netting, Collateral, CM Reliance | Q2 |
| South Korea | Kim & Chang | Netting, Collateral, CM Reliance | Q2 |
| Spain | Clifford Chance | Netting and Collateral | Q4 |
| Alarde | CM Reliance, Client Reliance | Q4 | |
| Sweden | Wistrand Advokatbyrå Göteborg KB | Netting, CM Reliance, Client Reliance | Q4 |
| Mannheimer Swartling | Collateral | Q4 | |
| Switzerland | Lenz & Staehelin | Netting, Collateral, CM Reliance, Client Reliance | Q2 |
| Taiwan | Russin & Vecchi | Netting, Collateral, CM Reliance | Q3 |
| Thailand | Baker & McKenzie | Netting, Collateral, CM Reliance, Client Reliance | Q4 |
| Turkey | Pekin & Pekin | Netting, Collateral, CM Reliance, Client Reliance | Q4 |
| UAE (ADGM) | Shearman & Sterling | Netting, Collateral, CM Reliance | Q2 |
| UAE (DIFC free zone) | Clifford Chance | Netting | Q4 |
| UAE (Federal) | Clifford Chance | Netting | Update pending |
| USA | Sidley Austin LLP | Opinions for Insurance Companies (AZ,CT,DE,IL,IN,IA,MA,MN,NY,VA) | Q3 |
| Mayer Brown LLP | Netting, Collateral | Q3 |
* The date refers to the period the update to the opinion will be commissioned.
ISDA Contacts
If you require further information on any of the above jurisdictions, please contact the relevant contact below for your jurisdiction of interest.
Europe, the Middle East & Africa – Annabel Akintomide
Americas – Fred Quenzer
Australasia – Jing Gu and Monica Chiu
For general opinion queries, please contact Annabel Akintomide and Breda Walsh.