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Negotiating English Language Contracts Subject to Foreign Laws and Regulations

Abstract

What do we do when we are a service provider and the client insists on its own contract written under a law other than English? Whilst the commercial instinct may be to save the cost of instructing lawyers in the appropriate jurisdiction this may be a false economy given the following: - foreign laws may override whatever is written in the contract - foreign laws may incorporate provisions relating to liability and standard of care meaning that these elements do not need to be in the contract or, if there in a different form, will be overridden - foreign laws may contain elements that are not known under English law. It is possible to keep costs down by framing the request for advice in clear and efficient terms. The article gives examples of how to do this.

Author

Carole Cotter
Legal Adviser, Currently with BlackRock, UK

Biography: ADMITTED AS A SOLICITOR 1988, England and Wales 2005, Republic of Ireland 1998, Gibraltar Bar SPECIAL SKILLS: Drafting commercial agreements Funds creation Evaluating risk in legal documents and structures FSA Handbook interpretation Project management Liaison with foreign law firms Attending and writing up Board Meetings Consumer Credit Law advice Data Protection Advice KEY DOCUMENT TYPES: Investment management agreement NDA/Confidentiality agreement Outsourcing agreement Distribution agreement Introducer agreement Terms and conditions Bespoke commercial agreements Limited partnership agreement Prospectus Administration agreement Custody agreement Subscription agreement Instrument of Incorporation Trust Deed Sponsorship agreements Consultancy agreements Marketing materials {Have some experience of IP agreements, IT agreements, ISDAs} PRODUCTS: Offshore funds Hedge funds UCITS OEICS Unit Trusts Investment Trusts Pension Funds Savings accounts Mortgages Life policies Insurance Credit Cards

Company

Currently with BlackRock

n/a

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