Samstag, 23. März 2013
für alle Fälle....falls Montag der Stecker gezogen wird....// hier lässt New York und Argy grüssen: The payment obligations of the Republic under the Notes shall (subject as aforesaid) at all times rank at least equally with all its other present and future unsecured and unsubordinated indebtedness.
und da im Fall des Falles Cleary (Buchheit war schon kürzlich in Zypern) die rechtliche Betreuung Zyperns übernimmt .....wissen die schon was Zypern bevorsteht....
Offering Circular dated 17 June 2011
Republic of Cyprus
acting through the Ministry of Finance
Euro Medium Term Note Programme
19. GOVERNING LAW AND JURISDICTION
(a) Governing Law
The Fiscal Agency Agreement, the Notes, the Coupons and the Talons and any non-contractual obligations
arising out of or in connection with them are governed by, and shall be construed in accordance with, English
The courts of England are to have jurisdiction to settle any disputes which may arise out of or in connection
with the Notes, the Coupons or the Talons and accordingly any legal action or proceedings arising out of or in
connection with the Notes, the Coupons or the Talons (“Proceedings”) may be brought in such courts. The
Republic irrevocably submits to the jurisdiction of such courts and waives any objection to Proceedings in
such courts on the ground of venue or on the ground that the Proceedings have been brought in an
inconvenient forum. This submission is made for the benefit of each of the holders of the Notes, Coupons and
Talons and shall not affect the right of any of them to take Proceedings in any other court of competent
jurisdiction nor shall the taking of Proceedings in one or more jurisdictions preclude the taking of Proceedings
in any other jurisdiction (whether concurrently or not).
(c) Waiver of Immunity
The Republic irrevocably agrees that, should any Proceedings be taken anywhere (whether for an injunction,
specific performance, damages or otherwise), no immunity (to the extent that it may at any time exist, whether
on the grounds of sovereignty or otherwise) from those Proceedings, from attachment (whether in aid of
execution, before judgment or otherwise) of its assets or from execution of judgment shall be claimed by it or
on its behalf of it or with respect to its assets, any such immunity being irrevocably waived. The Republic
irrevocably agrees that it and its assets are, and shall be, subject to such Proceedings, attachment or
execution in respect of its obligations under the Notes, the Coupons and the Talons.
(d) Consent to Enforcement etc.
The Republic irrevocably and generally consents in respect of any Proceedings anywhere to the giving of any
relief or the issue of any process in connection with those Proceedings including, without limitation, the
making, enforcement or execution against any assets whatsoever (irrespective of their use or intended use) of
any order or judgment which may be made or given in those Proceedings.
Status of Notes
Subject to “Terms and Conditions of the Notes - Negative Pledge”,
the Notes will constitute direct, unconditional, unsecured and
unsubordinated obligations of the Republic and the full faith and
credit of the Republic will be pledged for the due and punctual
payment of all amounts payable in respect of the Notes and for the
performance of all other obligations of the Republic pursuant to the
Notes and Coupons. The Notes of each Series shall at all times
rank pah passu and without any preference among themselves. The
payment obligations of the Republic under the Notes shall (subject
as aforesaid) at all times rank at least equally with all its other
present and future unsecured and unsubordinated indebtedness.
Das ist eine PPC in weiter Fassung; etwa besseres gibt es nicht !!!
Eingestellt von rolf j. koch um 13:27