Template:ISDA Master Agreement 2002 13(b): Difference between revisions

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::(1) if this {{isdaprov|Agreement}} is expressed to be governed by English law, to (A) the non-exclusive <br>jurisdiction of the English courts if the {{isdaprov|Proceedings}} do not involve a {{isdaprov|Convention Court}} and (B) the <br>exclusive jurisdiction of the English courts if the Proceedings do involve a {{isdaprov|Convention Court}}; or <br>
::(1) if this {{isdaprov|Agreement}} is expressed to be governed by English law, to (A) the non-exclusive <br>jurisdiction of the English courts if the {{isdaprov|Proceedings}} do not involve a {{isdaprov|Convention Court}} and (B) the <br>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 <br>non-exclusive jurisdiction of the courts of the State of New York and the United States District <br>Court located in the Borough of Manhattan in New York City; <br>
::(2) if this {{isdaprov|Agreement}} is expressed to be governed by the laws of the State of New York, to the <br>non-exclusive jurisdiction of the courts of the State of New York and the United States District <br>Court located in the Borough of Manhattan in New York City; <br>
:{{isdaprov|13(b)(ii)}} waives any objection which it may have at any time to the laying of venue of any {{isdaprov|Proceedings}} <br>brought in any such court, waives any claim that such {{isdaprov|Proceedings}} have been brought in an inconvenient <br>forum and further waives the right to object, with respect to such {{isdaprov|Proceedings}}, that such court does not have <br>any jurisdiction over such party; and <br>
{{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 <br>more jurisdictions will not preclude the bringing of {{isdaprov|Proceedings}} in any other jurisdiction.
:{{isdaprov|13(b)(iii)}} agrees, to the extent permitted by applicable law, that the bringing of {{isdaprov|Proceedings}} in any one or <br>more jurisdictions will not preclude the bringing of {{isdaprov|Proceedings}} in any other jurisdiction.

Revision as of 10:11, 4 September 2012

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;

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.
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