Re: Brussels opposes UK entry to the Lugano Convention legal pact
Originally Posted by Bread
Rolling over and novating contracts are not significantly different. The contracts remain the same, only the parties differ.
It's essentially the same thing, unless of course splitting hairs and being a pendant is more important.
It doesn't however, change anything regarding, for example, Switzerlands "rolled over" trade deal.
It’s two entirely different processes that end up with different outcomes.
Using your example of Switzerland
Rolling over the EU Swiss deal with the U.K. leaves the EU Swiss deal intact and replicates it terms between the UK and the Swiss
Novating the EU Swiss deal would require terminating one party from the contract (the EU) and replacing them with the U.K. This would mean that the Swiss would no longer have a desk with the EU which would be replaced with one with the U.K.
Yet despite all your claimed knowledge of contracts you think they are essentially the same thing
No doubt you think a bicycle and an aeroplane are essentially the same thing as they are both modes of transport