Skip to content

Preparing for currency turbulence – are your contracts ready?

September 3, 2012

With Euro uncertainty showing no sign of abating, the New York Times is today forecasting that Greece will be forced to withdraw from the common European currency. The impacts are, of course, unknown, but for any international company trading with Eurozone countries, they could be severe.

A few weeks ago, an IACCM member asked us to explore the state of readiness of member companies for such an eventuality. Specifically, what contractual or commercial steps had been taken (or are being taken now) through negotiation, contract terms or mitigation measures. Our survey revealed a very mixed picture, but a majority of those responding indicated that there had been no specific steps. I suspect that in some cases this reflects a lack of awareness rather than overall inactivity.

The report outlining the various measures that have been put in place will be issued shortly. Our questionnaire also sought indications of those willing to be interviewed or wishing to join a conference call to discuss the subject in greater depth (and we are currently arranging that call).

If you have input or ideas on this subject, please share them – or let me know if you would like to contribute to the conversation.

 

One Comment
  1. Ne Varietur AS IS Led Follo Jrl /R. Preempted Ad Novationes fan svc 17U.S. CODE SERVICE Section 1201 & 1202 “cricumvention of original copyright ownor id & electronic id Attribution Integrity Security & Protection…. fan svc @Washington,Dc Law Risk Retention Group Military Investor , Interpelader, Prepay, Special Privilege , International Currency Exc. Folllo. Furtherance De Novo cir9 USDC Cobelle v Babbitt, Grievant Warren derek hollinger hereforth Grievant en vovationes @Wash.,DC,Law Indians, Advancement, Sovereign Immunity & Indian Children, InternationalCurencyExc.Specialty Contract, Living Will & Advance Directive Clollateral In Escrowance BARRON’S Law Dcny & further Lis pendens Forensic Linguistic ,Scienter ,Diplomatics, IPR mena & fine In Fee Taile , Male Future Family Plan Progenation Contract InKind & LEd. At Bar, barring In Like Kind L. Statute & Ordinance OTHER International Aborigine Treaty , Entreaty ,Treament Protocol @Attn US. WHITE HOUSE FOREIGN RELATION Minister Backlog cir 9 USDC Cobell v Babbitt, Grievant WarrenDerekJHollinger InNihil NON EXPOST FACTO ACT Severalty Consideration Equal protection of the Lw fan ~svc 50U.S. CODE section 401 n14 to 21 barriing against sexual harassment ,Homosexual Deviate , etc. Interference.. USSC ABSS & AVSS CertifiedQuestion Rule InDefenseArticle Design Amicus Curiae particiular,Particularization L.m Contract Particular, Specification & Stipulation Kind Mean& Fine Like Kind South Alabama OilLand Estate Legacy Heir forthgo InAnil Vis Pohibitivam ~fan svc 20 CODE OF FEDERAL REGUALTION section 633.115 (b) “immorality in relation of immigration , tarfficking , marriage Convergence InJoint cir9 USDC Cobell , CrolLittle Good Bear v Salazar , De Novo , Interpleader , interlocutoryInterstate Multijudicial Disposition & Multijurisdictional Discovery International Oil Land Well Conterminous Oil Well Land Tract development Aquisition, Aquirements, L., Actuaualization L., Id fix Actualization InTaxation Federal Revenue Foreign Fund Asset specified IPR URAA Adherence to BERNE Mandamus & Cease And Desist @WINNEY MASTER Oil Petroleum Checking Account , Ownor Claimed Ability LAISSEZ FAIRE , Factoring PII, IPsec & OpSec , TCP-DOD , ISO, MMC, DRM , AESA & WPA-1 & 2 Merger Pointed Out Prior Notice fan~svc 18 am jur 2d section197 :”ADVANCE NOTICE OF POTENTIAL INFRINGEMENT ” A., Alapsation,Timeliness Failure delay ~fan svc 25 CFR 2.7 .. A., WARNING & IMPLEMENT OF RETALIATORY “Pro Viso, FEDERAL INDIAN LAW ,supra , SpecialTrust Quieting Cloud OnTitle In USSC Point of Authority BARRING OTHER DISCOVERY , DISPOISTION Qui timet time limitation Statute Of Limitation, Court Electroni Data Database Bulletin WestSy WestL & WestCite Ledger IN ESQUIRE LEXIS-NEXIS USSC ABSS & AVSS @USSC POINT OF AUTHORITY ,LAW USSC Standing Bear v USA, As follo . USSC Falwell vHustler, & Sell v. USA @Wash.,Dc,Law Sex Offense, Computer Communication, Registry SexualHarassment, Homosexual Devioate Sex Crime Threat Aid & Abettance Revenge Slander,Libel , InvoluntaryComittal, Aggravated Circumstance ,Repeat Attempt,n. False Personation etc. Falsity USSC Falwell v Hustler follo Implication Like Kind Sexual Affair Argument USSC Frena v Playboy. Perfect ten v. Google USSC CERTIFIED QUESTION RULE Inter alias , Mutatam et mutatis “Antiracial Heterosexual Dating Romace &SexualContent COMX Intergration sealing permanent link etc Profuile Personal WPA-1 DSN, .SIM ETC XLSX, XLM & HTML COMPUTER ID. , id. /r Misappropriation, Omission & Alteration, deletion & Change , Falsification, Impersonation Forgery & Espionage In Plaguirism , Criminal Infringement Counterfeiting Data & Database Information Plan & effect Principles , automation etc. Attribution Authority secured @Wash.,Dc,Law Unifrom Electronic Bank, Banking Electroni FinancialTransaction, Act, e.g.~ International security electronic id , automation secured electronic financiakl transaction id., Parityt L. [PARA] en presnes Affixation L. id. fix scrip fix id. prin. etc ink fix ., Residual , Reciprocity Entreaty Protocol Treatment In Cooperation Agreement L., sought , whereforth 22 U.S. CODE SERVICE , EncL.,International Custom Duty Tariff Schedule , Application , Excise Tax Id Electronic id ., barring CRIME ,THREAT AGAINST FAMILY Dissident suffrage IPR UniversalCopyright Convention, Article I “adequate efective protection” .. a.,follo In Issuancy L , ~fan svc amp>< 25CFR 151.2 (b) "confidentiality required.. Protection security issues North American tribal Descent Descendant away from home Migratory right in Passage Privacy & confidentiality standard fan svc 25 CFR section 169.3 HOLY PASSAGE iMMIGRATION laissez faire specialtyL., fairness reguard International Assistance fan ~svc 17U.S. CODE SERVICE section 612 & 613 copyright assistance for the disabled..North Amer tribal State SepcialTrust SouthAlabama Warrior TribeHistL. Jrl OilLand Descent Descendancy Testacy InTesamentary Sequestration Creek, Choctaw, Crow @ East Missisippi Valley Blackfeet Warrior InChief origi. fix .@Wash.,dc,Law Estate heir Away from home Legacy @Wash.,Dc,Law Indians Advancement Sovereign Immunity International Currency Exc. Passage Holistic r/ Pendente lite Apppelllate Liability cir9 USCFA Cobell v Norton REMAND any, all Other official Capcity e.g. for instance Interference Accessory of WILLFULL INFRINGEMENT Denial of right of Free Enterprise Laissez Faire Claim !! @U.S. CONSTITUTION LEd., PREAMBLE "PURSUIT OF HAPPINESS FOR OUR POSTERITY , & FOR OUR SELF !!! A., Self Help L., nil!!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: