Original EMU Protocol Opinions (1998)


In 1998, ISDA obtained opinions on the enforceability of the original EMU Protocol under English law from Allen & Overy, ISDA's European counsel, and under New York law from Cravath, Swaine & Moore, ISDA's U.S. counsel, under Japanese law from Mitsui, Yasuda, Wani & Maeda, ISDA's Japanese counsel. In Canada, ISDA obtained opinions on the enforceability of the EMU Protocol under the law of the Province of Ontario from Blakes, Cassels & Graydon, McMillan Binch and Stikeman Elliot and also under the law of the Province of Quebec from Byers Casgrain, a member of McMillan Bull Casgrain and Stikeman Elliot. A copy of these opinions can be accessed from this page. The opinions are addressed to ISDA, and the copies on the ISDA web site are being provided for information purposes only.


The Australian law opinion is addressed to the Australian Financial Markets Association, not to ISDA.

Download Acrobat Reader to view PDF files Get Acrobat Reader