Mediation and arbitration provisions—share purchase agreement
Mediation and arbitration provisions—share purchase agreement

The following Corporate guidance note provides comprehensive and up to date legal information covering:

  • Mediation and arbitration provisions—share purchase agreement

Insert the following definitions (where appropriate) as new definitions into clause 1 of Precedent: Share purchase agreement—pro-buyer—corporate seller—conditional—long form:

  1. 1

    Definitions and interpretation

  2. CEDR

    1. means the Centre for Dispute Resolution in London;

    Dispute

    1. means any dispute arising out of or in connection with this Agreement including a dispute as to the validity, existence, interpretation or performance of this Agreement and any dispute as to the validity of clauses [20 OR [insert mediation clause number]] or [21 OR [insert arbitration clause number]] (as the case may be);

    ICC

    1. means the International Chamber of Commerce;

    LCIA

    1. means the London Court of International Arbitration;

    Terms of Reference

    1. means a summary of the claims and issues in dispute and particulars of the procedure as set out in the rules of the ICC;

    UNCITRAL

    1. means the United Nations Commission on International Trade Law.

Replace clause 19 (Governing law and jurisdiction) of Precedent: Share purchase agreement—pro-buyer—corporate seller—conditional—long form as follows:

19 Governing law and jurisdiction

19.1 This Agreement is governed by and shall be interpreted in accordance with the laws of England and Wales.

19.2 Subject to clause 19.3, the Parties shall first attempt to agree any Dispute by mediation pursuant to clause 20 and