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Template:GMSLA 2010 12.7: Difference between revisions
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{{gmslaprov|12.7}} Unless otherwise agreed, amounts payable by one {{gmslaprov|Party}} to another under this {{gmslaprov|Agreement}} shall be determined by reference to {{gmslaprov|Applicable Law}} as at the date of the relevant payment and no adjustment shall be made to amounts paid under this {{gmslaprov|Agreement}} as a result of: <br> | {{gmslaprov|12.7}}. '''{{gmslaprov|Retrospective changes in law}}''': Unless otherwise agreed, amounts payable by one {{gmslaprov|Party}} to another under this {{gmslaprov|Agreement}} shall be determined by reference to {{gmslaprov|Applicable Law}} as at the date of the relevant payment and no adjustment shall be made to amounts paid under this {{gmslaprov|Agreement}} as a result of: <br> | ||
:(a) any retrospective change in {{gmslaprov|Applicable Law}} which is announced or enacted after the date of the relevant payment; or <br> | :(a) any retrospective change in {{gmslaprov|Applicable Law}} which is announced or enacted after the date of the relevant payment; or <br> | ||
:(b) any decision of a court of competent jurisdiction which is made after the date of the relevant payment (other than where such decision results from an action taken with respect to this {{gmslaprov|Agreement}} or amounts paid or payable under this {{gmslaprov|Agreement}}). <br> | :(b) any decision of a court of competent jurisdiction which is made after the date of the relevant payment (other than where such decision results from an action taken with respect to this {{gmslaprov|Agreement}} or amounts paid or payable under this {{gmslaprov|Agreement}}). <br> | ||