Template:Nutshell 2002 ISDA 13(b)
13(b) Jurisdiction. For any proceedings under this Agreement (“Proceedings”), each party irrevocably:―
- 13(b)(i) submits:―
- (1) if the Agreement is governed by English law, to the non-exclusive jurisdiction of the English courts (unless the Proceedings involve a Convention Court, in which case it will be the exclusive jurisdiction of the English courts); or
- (2) if this Agreement is expressed to be governed by the laws of the State of New York, to the non-exclusive jurisdiction of the courts of the State of New York and the United States District Court located in Manhattan;
- (1) if the Agreement is governed by English law, to the non-exclusive jurisdiction of the English courts (unless the Proceedings involve a Convention Court, in which case it will be the exclusive jurisdiction of the English courts); or
- 13(b)(ii) waives (i) any objection to the laying of venue of any Proceedings brought in any such court, (ii) any claim that the Proceedings have been brought in an inconvenient forum and (iii) the right to argue that such court has no jurisdiction; and
- 13(b)(iii) agrees that Proceedings brought in one jurisdictions will not preclude Proceedings in any other jurisdiction.