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| For the last word on [[force majeure]], the [[JC]]’s [[ultimate force majeure clause]] is where it’s at. Breaking what must be a habit of a lifetime, somehow {{icds}} managed to refrain from going [[crazy-ape bonkers]] with a definition of [[force majeure]] and instead, ''didn’t define it at all''.
| | {{isda Force Majeure summ|isdaprov}} |
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| I don’t know this, but I am going to hazard the confident hypothesis that what happened here was this:
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| {{icds}}, having convened its full counsel of war, fought so bloodily over the issue, over so long a period, that the great marble concourse on [[Olympus|Mount Olympus]] was awash with the blood of slain [[legal eagle]]s, littered with severed limbs, wings, discarded weapons, arcane references to regional variations of tidal waves, horse droppings from Valkyries etc., that there was barely a soul standing, and the only thing that prevented total final wipeout was someone going, “ALL RIGHT, GOD DAMN IT. WE WON’T DEFINE WHAT WE MEAN BY FORCE MAJEURE ''AT ALL''.”
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| There was then this quiet, eerie calm, when remaining combatants suddenly stopped; even those mortally wounded on the floor looked up, beatifically; a golden light bathed the whole atrium, choirs of angels sang and the chairperson said, right, well that seems like a sensible, practical solution. What next then?
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| “We thought we should rewrite the {{Eqdefs}} in [[2011 ISDA Equity Derivatives Definitions|machine code]], your worship.”
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| Excellent idea! Let’s stop faffing around with this [[force majeure]] nonsense and do that then!
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| '''Act of state''': Note reference to “act of state”. {{act of state capsule}}
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| Thus, a [[force majeure]] taking the shape of an [[act of state]] is, we humbly submit, a change in law which makes it impossible for one side or the other to perform its obligations. Compare, therefore, with {{isdaprov|Illegality}}.
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