Euro Contract Continuity Clause

In conjunction with the IUA and LIIBA, the LMA has produced the following model clause, which is now available on the Lloyd’s Wordings Repository (LWR).

LSW1820 Euro Contract Continuity Clause

This model clause is designed to give enhanced contract certainty on the occurrence of an event, as described therein, associated with economic or monetary union in the EU.

This clause is purely illustrative and established and distributed for the guidance of Members, who may agree different conditions.

Any queries on the above should be addressed to Kees van der Klugt or Alison Colver at the LMA on 020 7327 8407 / 8370 respectively or by email at kees.vanderklugt@lmalloyds.com / alison.colver@lmalloyds.com