Can only English and New York law contracts be covered by the 2002 ISDA Master Agreement Protocol?
No. The Protocol is intended to cover 2002 Master Agreements, regardless of the governing law of the agreement. However, parties to a 2002 Master Agreement governed by a law other than English law or New York law will want to consider whether there is legal opinion support for the enforceability of the Protocol if used in respect of 2002 Master Agreements governed by such laws.
