Template:M comp disc 2002 ISDA 5(a)(viii)

As the comparison illustrates (see panel below right), ISDA’s crack drafting squad™ giveth and ISDA’s crack drafting squad™ taketh away. As it neatly excises one square of flannel here, it inserts another one, further itemising ways in which a company might reorganise itself, there. In practical terms — ones that might make a difference were they to be considered by the Queen’s Bench Division, that is — no real change between 1992 ISDA and 2002 ISDA.