Governed by and interpreted in accordance with: Difference between revisions

It seems fussy enough even nominating the [[governing law]] that applies to your [[contract]] — but is ''de rigueur'' in the torrid international waters in which derivatives folk ply their trade, since counterparties are usually foreigners to each other, and to mother England, so really it doesn’t go without saying what law should govern the contract. So this leads us to all kinds of [[tedious]] complication.

Traditionally, the law of international commerce is [[English law]]: no doubt, a regrettable post-colonial hang-over, but we are where we are and look: the common law is pretty neat: it is consistent, predictable, and generally produces agreeable results.