Template:M summ 2002 ISDA 5(b)(i): Difference between revisions

Template:M summ 2002 ISDA 5(b)(i) (view source)

478 bytes removed , 12 April 2020

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-{{isdacomparison}}
+{{isda 5(b)(i) summ|isdaprov}}
-==={{isdaprov|Illegality}} vs. {{isdaprov|Force Majeure}} smackdown===
-Like a {{isdaprov|Force Majeure Event}}, an {{isdaprov|Illegality}} may only be triggered after exhausting the fallbacks and remedies specified in the {{2002ma}}.
-Under the {{2002ma}}, {{isdaprov|Illegality}} trumps {{isdaprov|Force Majeure}}. Given that {{isdaprov|Illegality}} is no longer subject to the "two {{isdaprov|Affected Parties}}" delay on termination (as it was in the {{1992ma}}), this is significant.