The International Swaps and Derivatives Association, Inc. (“ISDA”) has today published Irish and French law versions of its 2002 ISDA Master Agreement, which are available on its website (here). It has also commissioned updated Irish and French netting opinions encompassing those new versions, which have been made available to ISDA members in its Opinions Library (see here). This initiative forms part of ISDA’s strategy to provide users of its documentation with the tools they need to future-proof contractual arrangements against the uncertainties presented by Brexit.
McCann FitzGerald was delighted to work closely with ISDA on the Irish law aspects of this project and to provide the updated Irish netting opinion, which encompasses both the new French and Irish law versions of the Master Agreement. It is anticipated that other jurisdictions’ netting opinions will be extended to encompass these new versions as they are updated.