OpenLegislation

Article 33 Governing law, jurisdiction and place of performanceF1

United Kingdom

Original text. Later amendments are not shown.

1.

The bilateral relationship between the ECB and F2T2S DCA holders in TARGET2-ECB shall be governed by German law.

2.

Without prejudice to the competence of the Court of Justice of the European Union, any dispute arising from a matter relating to the relationship referred to in paragraph 1 falls under the exclusive competence of the courts of Frankfurt am Main.

3.

The place of performance concerning the legal relationship between the ECB and the T2S DCA holders shall be Frankfurt am Main, Germany.

Annotations

Textual amendments

F1

Inserted by Decision (EU) 2015/929 of the European Central Bank of 26 May 2015 amending Decision ECB/2007/7 concerning the terms and conditions of TARGET2-ECB (ECB/2015/22).

F2

Substituted by Decision (EU) 2018/1625 of the European Central Bank of 8 October 2018 amending Decision ECB/2007/7 concerning the terms and conditions of TARGET2-ECB (ECB/2018/24).