A page dedicated to management speak gems that spill from colleagues’ lips and counterparties’ pens from time to time.
Our learned friends
- “Save in the event of its negligence, fraud, willful default or breach of contract or trust, the Custodian shall not be liable to Client in contract, tort, trust, as a fiduciary or under any other cause of action for any Losses arising out of or in connection with its non-performance, partial performance, or misperformance, any of its obligations or duties, express or implied.”
See also