Electronic messages - ISDA Provision
An innocuous definition you would think but you would be wrong. For behold: an electronic message excludes e-mail. This was a persuasive factor in the learned judge’s idiosyncratic reasoning in the great case of Greenclose v National Westminster Bank plc, a case that illustrates the point that little old ladies make bad law.
- The JC’s famous Nutshell™ summary of this clause
- A long disquisition on the subject of Welsh hoteliers, options that expire during the Grundle, and the perils of putting your fate in the hands of perfectly sensible lawyers who don’t have to look at ISDA contracts, or use email, very often.