Standard Contractual Recognition of EU Resolution Stay Clause

This standard contractual recognition clause is intended to enable financial institutions in the EEA jurisdictions covered therein, each of which have implemented Article 71a of the EU Bank Recovery and Resolution Directive (“BRRD”), to include contractual recognition of stay powers language in non-EEA law governed agreements subject to the requirements under Article 71a of BRRD as transposed by the applicable EEA jurisdiction.

The Member States covered in Version 1.0 of the Standard Contractual Recognition of EU Resolution Stay Clause, published on 14 September 2021, are Austria, Belgium, Denmark, France, Finland, Greece, Germany, Ireland, Luxembourg, Spain and Sweden.

Free downloads for Standard Contractual Recognition of EU Resolution Stay Clause (1)