Template:Nutshell 2002 ISDA 13(b): Difference between revisions
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::(1) for {{tag|English law}}-governed {{isdaprov|Agreement}}s, the [[non-exclusive jurisdiction]] of the English courts (or their [[exclusive jurisdiction]] where {{isdaprov|Proceedings}} involve a {{isdaprov|Convention Court}}); or <br> | ::(1) for {{tag|English law}}-governed {{isdaprov|Agreement}}s, the [[non-exclusive jurisdiction]] of the English courts (or their [[exclusive jurisdiction]] where {{isdaprov|Proceedings}} involve a {{isdaprov|Convention Court}}); or <br> | ||
::(2) for [[New York law]]-governed {{isdaprov|Agreement}}s, the [[non-exclusive jurisdiction]] of the courts of the State of New York and the United States District Court located in Manhattan; <br> | ::(2) for [[New York law]]-governed {{isdaprov|Agreement}}s, the [[non-exclusive jurisdiction]] of the courts of the State of New York and the United States District Court located in Manhattan; <br> | ||
:{{isdaprov|13(b)(ii)}} waives its right to object to such court as a venue for any {{isdaprov|Proceedings}} brought in, or claim it is an | :{{isdaprov|13(b)(ii)}} waives its right to object to such court as a venue for any {{isdaprov|Proceedings}} brought in, or claim it is an inconvenient forum, or that it has no jurisdiction; and<br> | ||
:{{isdaprov|13(b)(iii)}} agrees that {{isdaprov|Proceedings}} brought in one jurisdictions will not preclude {{isdaprov|Proceedings}} in any other jurisdiction.<br> | :{{isdaprov|13(b)(iii)}} agrees that {{isdaprov|Proceedings}} brought in one jurisdictions will not preclude {{isdaprov|Proceedings}} in any other jurisdiction.<br> | ||
Latest revision as of 10:48, 27 July 2022
13(b) Jurisdiction. For any proceedings under this Agreement (“Proceedings”), each party irrevocably:―
- 13(b)(i) submits to:―
- (1) for English law-governed Agreements, the non-exclusive jurisdiction of the English courts (or their exclusive jurisdiction where Proceedings involve a Convention Court); or
- (2) for New York law-governed Agreements, the non-exclusive jurisdiction of the courts of the State of New York and the United States District Court located in Manhattan;
- (1) for English law-governed Agreements, the non-exclusive jurisdiction of the English courts (or their exclusive jurisdiction where Proceedings involve a Convention Court); or
- 13(b)(ii) waives its right to object to such court as a venue for any Proceedings brought in, or claim it is an inconvenient forum, or that it has no jurisdiction; and
- 13(b)(iii) agrees that Proceedings brought in one jurisdictions will not preclude Proceedings in any other jurisdiction.