DBA format Sample Clauses

DBA format. 392. In its Year 2 report, the Monitoring Committee already mentioned the DBA’s format as a stumbling block for proper cooperation. The DBA is drafted as a corporate multi party contract, apparently not because the parties did not know each other but because they knew each other too well. Banks, CSOs and Trade Unions had a longer history of engaging with each other, both in terms of cooperation and confrontation. The parties and banks took this luggage with them and the DBA format was apparently deemed necessary to bind each other into a quasi-legal framework with a considerable input from lawyers. The result was that the DBA got off to a start based on a lack of mutual trust.