Template:ISDA Master Agreement 2002 13(b): Difference between revisions
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{{isdaprov|13(b)}} '''{{isdaprov|Jurisdiction}}'''. With respect to any suit, action or proceedings relating to any dispute arising out of or in | {{isdaprov|13(b)}} '''{{isdaprov|Jurisdiction}}'''. With respect to any suit, action or proceedings relating to any dispute arising out of or in connection with this {{isdaprov|Agreement}} (“'''Proceedings'''”), each party irrevocably:―<br> | ||
:{{isdaprov|13(b)(i)}} submits:―<br> | :{{isdaprov|13(b)(i)}} submits:―<br> | ||
::(1) if this {{isdaprov|Agreement}} is expressed to be governed by English law, to (A) the non-exclusive | ::(1) if this {{isdaprov|Agreement}} is expressed to be governed by English law, to (A) the non-exclusive jurisdiction of the English courts if the {{isdaprov|Proceedings}} do not involve a {{isdaprov|Convention Court}} and (B) the exclusive jurisdiction of the English courts if the Proceedings do involve a {{isdaprov|Convention Court}}; or <br> | ||
::(2) if this {{isdaprov|Agreement}} is expressed to be governed by the laws of the State of New York, to the | ::(2) if this {{isdaprov|Agreement}} is expressed to be governed by the laws of the State of New York, to the non-exclusive jurisdiction of the courts of the State of New York and the United States District Court located in the Borough of Manhattan in New York City; <br> | ||
{{ISDA Master Agreement 2002 13(b)(ii)}} | {{ISDA Master Agreement 2002 13(b)(ii)}} | ||
:{{isdaprov|13(b)(iii)}} agrees, to the extent permitted by applicable law, that the bringing of {{isdaprov|Proceedings}} in any one or | :{{isdaprov|13(b)(iii)}} agrees, to the extent permitted by applicable law, that the bringing of {{isdaprov|Proceedings}} in any one or more jurisdictions will not preclude the bringing of {{isdaprov|Proceedings}} in any other jurisdiction.<br> | ||
Revision as of 18:11, 30 January 2017
13(b) Jurisdiction. With respect to any suit, action or proceedings relating to any dispute arising out of or in connection with this Agreement (“Proceedings”), each party irrevocably:―
- 13(b)(i) submits:―
- (1) if this Agreement is expressed to be governed by English law, to (A) the non-exclusive jurisdiction of the English courts if the Proceedings do not involve a Convention Court and (B) the exclusive jurisdiction of the English courts if the Proceedings do involve a Convention Court; or
- (2) if this Agreement is expressed to be governed by the laws of the State of New York, to the non-exclusive jurisdiction of the courts of the State of New York and the United States District Court located in the Borough of Manhattan in New York City;
- (1) if this Agreement is expressed to be governed by English law, to (A) the non-exclusive jurisdiction of the English courts if the Proceedings do not involve a Convention Court and (B) the exclusive jurisdiction of the English courts if the Proceedings do involve a Convention Court; or
Template:ISDA Master Agreement 2002 13(b)(ii)
- 13(b)(iii) agrees, to the extent permitted by applicable law, that the bringing of Proceedings in any one or more jurisdictions will not preclude the bringing of Proceedings in any other jurisdiction.