2018 ISDA Arbitration Guide & Choice of Court & Jurisdiction Guide

2018 ISDA Arbitration Guide

(Published December 17, 2018 – updated May 31, 2022)

The 2018 ISDA Arbitration Guide provides updated guidance on the use of an arbitration clause with an ISDA Master Agreement and includes an expanded range of “ISDAfied” model arbitration clauses for a larger number of arbitration institutions and seats around the globe (compared to the 2013 version of the Guide) in Appendices A-L.

The 2022 update includes amendments to the model clauses in Appendices B, F, G, J and L to reflect certain legislative developments in the relevant jurisdictions as well as updates to the relevant arbitration rule sets which have taken place since the original publication in 2018.

Re: Appendix J [pre-2022 update] please refer to the ISDA circular dated 8 October 2021.


2018 ISDA Choice of Court and Governing Law Guide

(Published February 27, 2018)

The ISDA Master Agreement contains the parties’ choice for the law which will govern the contract and transactions under its terms, as well as a provision specifying which courts can adjudicate upon any disputes about swaps governed by the Master Agreement. The terms dealing with governing law and choice of court were first published in 1987 and underwent revision for the 2002 Master Agreement. In light of legal developments which are relevant to how courts will deal with choices like these, ISDA has consulted with members and produced a new guide which offers new model clauses which users may choose to include in future transactions. These provisions include a simplified non-exclusive choice of court and, for the first time, a choice of an exclusive choice of court.

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