21 Governing Law of Netting Agreements
A netting agreement, every transaction to which it applies, and all rights and obligations under the agreement and every such transaction, are governed exclusively by:
(a) the law specified in the agreement as its governing law; or
(b) if the agreement does not specify a governing law, the governing law determined in accordance with the applicable rules regarding choice of law in respect of contracts.
|Derived (as from 19th October 2017).|