Gesamtzahl der Seitenaufrufe

Dienstag, 29. Mai 2012

einen so weit gehenden Verzicht auf die Immunität, nämlich sogar auf die diplomatische, habe ich noch nie gesehen....und ich beschäftige mich schon einige Zeit mit der Thematik

aus dem prospectus S 4 der USD XS0363874081

Spanien DL-Med.-Term Nts 2008(13)




SERVICE OF PROCESS AND ENFORCEMENT OF CLAIMS
The Issuer is a governmental subdivision of the Kingdom of Spain. Consequently, it may be difficult for investors
to obtain or realise judgments of courts in the United States against the Issuer. The U.S. Foreign Sovereign
Immunities Act of 1976 (the ‘‘Immunities Act’’), may provide an effective means of service and preclude
granting sovereign immunity in such action in the United States.


The Issuer will irrevocably and unconditionally waive with respect to the Notes, Receipts and the Coupons any
right to claim sovereign or other immunity (including diplomatic) from jurisdiction or execution and any similar
defence and irrevocably and unconditionally consents to the giving of any relief or the issue of any
process, save
as provided in Article 44 of the Spanish General Budgetary Law and, after 1st January, 2005, Spanish Budgetary
Law 47/2003, de 26 de noviembre, General Presupuestaria, including without limitation, the making,
enforcement or execution against any property whatsoever, (irrespective of its use or intended use) of any order
or judgment made or given in connection with any Proceedings.

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