Legal disputes

(1) Where the Federal Republic of Germany is the Member State of reference of a non-EU AIF management company, or comes into consideration as such, all disputes arising between the Federal Institute and the non-EU AIF management company are settled under German law and are subject to German jurisdiction.
(2) All disputes arising between the non-EU AIF management company or the AIF, on the one hand, and investors of the respective AIF having their seat in the European Union or in a contracting state of the Agreement on the European Economic Area, on the other hand, are settled under the law of the respective Member State of the European Union or contracting state of the Agreement on the European Economic Area in which the investor has its seat, and are subject to that state's jurisdiction.