Governing law - Revision history

Doug: Update for cessation of LIBOR.

2024-10-05T03:11:07Z

Update for cessation of LIBOR.

← Older revision		Revision as of 03:11, 5 October 2024
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	:''ACT blog - Sarah Boyce - Associate Director, Policy & Technical - June 2022.''		:''ACT blog - Sarah Boyce - Associate Director, Policy & Technical - June 2022.''


			:LIBOR ended in September 2024.


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	[[Category:Accounting,_tax_and_regulation]]		[[Category:Accounting,_tax_and_regulation]]
	[[Category:~~The_business_context~~]]		[[Category:Financial_products_and_markets]]
	[[Category:Identify_and_assess_risks]]		[[Category:Identify_and_assess_risks]]
	[[Category:Manage_risks]]		[[Category:Manage_risks]]
			[[Category:Risk_reporting]]
	[[Category:Risk_frameworks]]		[[Category:Risk_frameworks]]
	[[Category:~~Risk_reporting]]~~		[[Category:The_business_context]]
	~~[[Category:Cash_management]]~~
	~~[[Category:Financial_products_and_markets]]~~
	~~[[Category:Liquidity_management~~]]

imported>Doug Williamson: Add links.

2022-06-23T13:17:07Z

Add links.

← Older revision		Revision as of 13:17, 23 June 2022
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	* [[Capacity]]		* [[Capacity]]
	* [[Contract]]		* [[Contract]]
			* [[Convention]]
	* [[Court]]		* [[Court]]
	* [[Domicile]]		* [[Domicile]]
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	* [[Proper law]]		* [[Proper law]]
	* [[Regime]]		* [[Regime]]
			* [[Regulation]]
	* [[Repatriated]]		* [[Repatriated]]
	* [[Resident]]		* [[Resident]]

imported>Doug Williamson: Add link.

2022-06-18T14:56:35Z

Add link.

← Older revision		Revision as of 14:56, 18 June 2022
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	* [[Contract]]		* [[Contract]]
	* [[Court]]		* [[Court]]
			* [[Domicile]]
	* [[Extraterritorial jurisdiction]]		* [[Extraterritorial jurisdiction]]
	* [[Fallback]]		* [[Fallback]]

imported>Doug Williamson: Remove surplus text.

2022-06-18T14:46:27Z

Remove surplus text.

← Older revision		Revision as of 14:46, 18 June 2022
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	:<span style="color:#4B0082">'''''LIBOR transition - USD markets ~~- next steps~~ - check the governing law'''''</span>		:<span style="color:#4B0082">'''''LIBOR transition - USD markets - check the governing law'''''</span>

	:"Check the Governing Law of your contracts – for example fallbacks may differ depending on the governing law of your contract (e.g. English or New York) as legislative solutions differ by jurisdiction.		:"Check the Governing Law of your contracts – for example fallbacks may differ depending on the governing law of your contract (e.g. English or New York) as legislative solutions differ by jurisdiction.

imported>Doug Williamson: Mend link.

2022-06-18T11:04:04Z

Mend link.

← Older revision		Revision as of 11:04, 18 June 2022
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	* [[Contract]]		* [[Contract]]
	* [[Court]]		* [[Court]]
	* [[Extraterritorial]]		* [[Extraterritorial jurisdiction]]
	* [[Fallback]]		* [[Fallback]]
	* [[International law]]		* [[International law]]

imported>Doug Williamson: Add links.

2022-06-18T09:51:29Z

Add links.

← Older revision		Revision as of 09:51, 18 June 2022
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	* [[Contract]]		* [[Contract]]
	* [[Court]]		* [[Court]]
			* [[Extraterritorial]]
	* [[Fallback]]		* [[Fallback]]
			* [[International law]]
	* [[Jurisdiction]]		* [[Jurisdiction]]
			* [[Law]]
	* [[Legal implications of cash pooling structures]]		* [[Legal implications of cash pooling structures]]
	* [[Notional pooling]]		* [[Notional pooling]]
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	* [[State immunity]]		* [[State immunity]]
	* [[Zero balancing]]		* [[Zero balancing]]


			==Other resource==

			*[https://www.treasurers.org/hub/blog/LIBOR-update-June-2022 LIBOR transition - governing law - ACT blog - June 2022]

	[[Category:Accounting,_tax_and_regulation]]		[[Category:Accounting,_tax_and_regulation]]

imported>Doug Williamson: Add link.

2022-06-14T08:59:30Z

Add link.

← Older revision		Revision as of 08:59, 14 June 2022
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	* [[Contract]]		* [[Contract]]
	* [[Court]]		* [[Court]]
			* [[Fallback]]
	* [[Jurisdiction]]		* [[Jurisdiction]]
	* [[Legal implications of cash pooling structures]]		* [[Legal implications of cash pooling structures]]

imported>Doug Williamson: Create page. Sources: Linked pages.

2022-06-14T08:58:54Z

Create page. Sources: Linked pages.

New page

''Law - international law - contract''.

Governing law means the system of law to be applied to determine a dispute under a contract with non-domestic elements, usually specified by a ''governing law clause'' in the contract.

In the absence of a governing law clause, the applicable system of law is determined by convention, regulation or general law.

:<span style="color:#4B0082">'''''LIBOR transition - USD markets - next steps - check the governing law'''''</span>

:"Check the Governing Law of your contracts – for example fallbacks may differ depending on the governing law of your contract (e.g. English or New York) as legislative solutions differ by jurisdiction.

:Do not assume that all USD contracts work in the same way."

:''ACT blog - Sarah Boyce - Associate Director, Policy & Technical - June 2022.''

:<span style="color:#4B0082">'''''Cross-border pooling - importance of differing legal systems'''''</span>

:"The governing law for the intra-group cash pooling agreements is often English law for cross-border pooling.

:Alternatively the jurisdiction of the parent entity will be stipulated as applicable.

:For a Zero Balancing Agreement or a Notional Pooling Agreement, the bank will in many cases provide for a standardised agreement, with the bank’s domicile providing the legal jurisdiction.

:Treasurers should make themselves aware of the implications of using differing jurisdictions."

:''Legal implications of cash pooling structures - the Treasurer's Wiki.''

Contracts and other relationships without foreign elements will generally be governed by domestic law.

== See also ==
* [[Capacity]]
* [[Contract]]
* [[Court]]
* [[Jurisdiction]]
* [[Legal implications of cash pooling structures]]
* [[Notional pooling]]
* [[Private international law]]
* [[Proper law]]
* [[Regime]]
* [[Repatriated]]
* [[Resident]]
* [[State]]
* [[State immunity]]
* [[Zero balancing]]

[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]
[[Category:Cash_management]]
[[Category:Financial_products_and_markets]]
[[Category:Liquidity_management]]