Template:Isda 6(b)(ii) comp: Difference between revisions

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(Created page with "Note in the {{2002ma}} there is no reference to {{{{{1}}}|Illegality}} (or for that matter {{{{{1}}}|Force Majeure}}, which did not exist under the {{1992ma}} but would have b...")
 
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Note in the {{2002ma}} there is no reference to {{{{{1}}}|Illegality}} (or for that matter {{{{{1}}}|Force Majeure}}, which did not exist under the {{1992ma}} but would have been included in this provision of the {{1992ma}} if it had ... if you see what I mean).
Note in the {{2002ma}} there is no reference to {{{{{1}}}|Illegality}} (or for that matter {{isdaprov|Force Majeure}}, which did not exist under the {{1992ma}} but tends to treated rather like a special case of {{isdaprov|Illegality}} and therefore, we think, ''would'' have been included in this provision of the {{1992ma}} if it had existed ... if you see what I mean).
 
Otherwise, but for one consequential change — 1992’s “excluding” became 2002’s “other than” — I mean, you can just imagine the barney they must have had in the drafting committee for that one, can’t you — the provisions are identical.

Revision as of 12:59, 12 April 2020

Note in the 2002 ISDA there is no reference to {{{{{1}}}|Illegality}} (or for that matter Force Majeure, which did not exist under the 1992 ISDA but tends to treated rather like a special case of Illegality and therefore, we think, would have been included in this provision of the 1992 ISDA if it had existed ... if you see what I mean).

Otherwise, but for one consequential change — 1992’s “excluding” became 2002’s “other than” — I mean, you can just imagine the barney they must have had in the drafting committee for that one, can’t you — the provisions are identical.

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