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"ISDA believes that the Taiwan court has interpreted a clause in the ISDA master wrongly. The recommended language is to address this unfortunate decision in Taiwan specifically and ISDA does not think there is anything which is unclear in the ISDA master agreement."

--Keith Noyes, Asia Pacific regional director at the ISDA in Hong Kong, in response to a request for changes to the ISDA master agreement in the event of default.

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