Template:M comp disc 2002 ISDA 13: Difference between revisions
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Largely the same, in practical effect, between the two versions: the clause grants the non-exclusive jurisdiction of the courts of the governing law you have chosen: you can launch proceedings wherever you like, but you can’t complain if they are launched in a home court, which leaves open that you ''might'' complain if they are launched in some other, inconvenient, court. | Largely the same, in practical effect, between the two versions: the clause grants the non-exclusive jurisdiction of the courts of the governing law you have chosen: you can launch proceedings wherever you like, but you can’t complain if they are launched in a home court, which leaves open that you ''might'' complain if they are launched in some other, inconvenient, court. | ||
Revision as of 10:19, 20 May 2023
Largely the same, in practical effect, between the two versions: the clause grants the non-exclusive jurisdiction of the courts of the governing law you have chosen: you can launch proceedings wherever you like, but you can’t complain if they are launched in a home court, which leaves open that you might complain if they are launched in some other, inconvenient, court.
No doubt a litigation lawyer would be outraged at this suggestion that the versions mean different things, but life’s too short.
2002 version of ISDA’s crack drafting squad™ were properly phoning it in on this one. There are some changes, but none of them mean anything.