ISDA responds to European Commission Green Paper on European Contract Law
ISDA has published a comment letter on the European Commission document "Green Paper from the Commission on policy options for progress towards a European Contract Law for consumers and businesses" issued on 1 July 2010. ISDA's comments include (among other things) that ISDA does not believe that it is necessary or appropriate for a European instrument on contract law aspects to become mandatory in any way and that ISDA urges the Commission to ensure that the choice of the law governing the contract remains solely up to both counterparties to a transaction.
Date
January 31, 2011