Termini del Servizio
CoinFLEX – Physically Delivered Bitcoin Futures Trading – Terms of Service (as of 9th July 2022)
1. THIS AGREEMENT
1.1 These are the terms and conditions of an agreement (the “Accordotra Liquidity Technologies LtdCoinFLEXuna società costituita ai sensi dell'International Business Companies Act del 2016 della Repubblica delle Seychelles con numero di società 208853 (we"we", “our"we", “us, che è proprietaria e operatore di https://coinflex.com, a platform which allows you to trade in physically delivered futures on Cryptocurrencies (the “Platform, una piattaforma che permette di negoziare in futures consegnati fisicamente su Cryptocurrenciese ogni membro della Piattaforma.”, “your”).
1.2 Please ensure you download and store a copy of this Agreement for your records.
1.4.1 “Account” means any and all accounts (including sub-accounts) following the online registration you have with us, which are created when you (i) register on the Platform; and (ii) complete KYC to enable Stablecoin deposits/withdrawals;
1.4.2 “AML Documentationindica la documentazione che deve essere fornita dall'Utente come indicato nella nostra Politica Antiriciclaggio;
1.4.3 “Clawback" significa la nostra imposizione di una riduzione obbligatoria dei saldi di Cryptocurrency (fino al valore dei profitti realizzati sulla Piattaforma);
1.4.4 “Close Out” significa la cessazione di tutti i Futures in essere e il rimborso automatico del Leverage Funding;
1.4.5 “Counterpartysignifica un Utente che accetta di stipulare un contratto legale vincolante con l'Utente per l'acquisto o la vendita di qualsiasi Crypto Assets attraverso la Piattaforma;
1.4.6 “Cryptocurrency" significa qualsiasi asset digitale e/o “Stablecoin” che supportiamo sulla Piattaforma, inclusi, ma non limitatamente a Bitcoin, Ethereum, Bitcoin Cash, Tether e USD Coin.
1.4.7 “Criteri di ammissibilitàindica i criteri di cui alla clausola 3;
1.4.8 “Fiat Currencyindica qualsiasi valuta emessa dal governo nazionale (come dollari USA, euro europei o sterline inglesi) ma non qualsiasi Cryptocurrency che può essere utilizzata per acquistare o vendere Cryptocurrencies tramite la Piattaforma;
1.4.9 “Futuro" significa un contratto tra voi e una Controparte, per acquistare o vendere Cryptocurrency a un prezzo predeterminato in un determinato momento futuro;
1.4.10 “Ordine a levaindica un ordine finanziato dal Leverage Funding;
1.4.11 “Finanziamento a levasignifica un finanziamento aggiuntivo in eccesso rispetto ai saldi di Cryptocurrency disponibili sul vostro conto per un periodo temporaneo;
1.4.12 “Leverage Funding Limitindica l'importo massimo di Leverage Funding che si può avere in circolazione per ogni ordine;
1.4.13 “Margin" significa (i) il valore totale di Stablecoin e Bitcoin (o di altre valute che possiamo selezionare di volta in volta come garanzia adeguata) che detenete nel vostro Conto, ii) il vostro profitto o perdita realizzati dalle posizioni passate nei Futures che sono ora chiuse e iii) il profitto o la perdita dalla vostra posizione aperta nei Futures;
1.4.14 “Requisito di margineè una percentuale del valore delle posizioni totali che dovete mantenere sulla Piattaforma, come notificato di volta in volta;
1.4.15 “Ordine" indica qualsiasi istruzione da parte di un Utente di acquistare o vendere Attività di Cripto sulla Piattaforma;
1.4.16 “Platformindica la piattaforma di trading da noi pubblicata di volta in volta, inclusa senza limitazioni la piattaforma di trading a https://coinflex.com, and/or any of their subdomains;
1.4.17 “Position Limit" significa il limite massimo che imporremo sulla quantità di Margine che potrete prelevare di volta in volta;
1.4.18 “Repayment Period” means such period as we shall specify from time to time in respect of settling any outstanding Leverage Funding;
1.4.19 “Standard Account” means the default Account that requires no KYC apart from email address and where Stablecoin deposits/withdrawals are not enabled; and
1.4.20 “Utente" significa qualsiasi membro della Piattaforma.
2.1 Per usare la Piattaforma, devi essere:
2.1.1 An individual aged 18 years or older;
2.1.2 A legal person (e.g. company or partnership)
2.2 In addition, you must warrant that:
2.3 Using CoinFLEX’s services does not constitute a breach of your home jurisdictions’ laws;
2.4 You are aware of the risks in using the services provided by CoinFLEX as outlined in our Risk Disclosure Warning Statement. These risks include the high volatility risk of cryptocurrency itself, the fact that you may lose all of the funds in your trading account if the market moves against you;
2.5 You will not be involved or initiate any form of market manipulation, including spoofing orders or otherwise;
2.6 If you request Stablecoin deposits/withdrawals and are classified as set out in clause 2.a.i, the information or documents you provide as part of any ID verification process are correct, genuine and up-to-date;
2.7 If you request Stablecoin deposits/withdrawals and are classified as set out in clause 2.a.ii, you can provide evidence of the identity of persons holding greater than a 25% beneficial interest and other related company information;
2.8 You are the legal owner of the funds you add to your account with CoinFLEX and that the same funds derive from a legitimate source;
2.9 Any cryptocurrency withdrawal address you provide is your own and that you have full control over this address;
Per confermare la vostra idoneità, potremmo dover effettuare alcuni controlli e richiedervi alcuni documenti prima che possiate accedere alla Piattaforma. L'utente deve fornirci le informazioni che ragionevolmente gli chiediamo e deve rispondere in modo completo e veritiero a tutte le domande che possiamo ragionevolmente porgli, al fine di completare questi controlli.
2.9.1 You must inform us as soon as reasonably practicable if you cease to meet the eligibility criteria set out in this clause.
2.9.2 We reserve the right to suspend or revoke your access to the Platform at any time without prior notice to you. If we suspend your profile, your Account or terminate your access to the Platform, then we may also close any open orders and administer a Close Out of any outstanding repayments of Leverage Funding at that time.
3. REGISTRATION / VERIFYING YOUR IDENTITY
3.1 Se si desidera effettuare un Ordine, e a condizione che si soddisfino i Criteri di Idoneità, si dovrà prima registrarsi come Utente. È possibile aprire un Account Standard fornendo il proprio indirizzo e-mail.
3.2 If you require deposits and/or withdrawals using Stablecoin, to comply with our legal/regulatory obligations, we will ask you to follow a two-step process to open an Account:
3.2.1 Submission of the Individual or Corporate Application which can be found on the Platform;
3.2.2 Signing of the Certified Board Resolution document in the case of a Corporate Application.
3.3 Once we have received all of the required documentation and information as set out in clauses 3.a and 3.b, we may undertake certain additional compliance and security checks on you.
3.4 CoinFLEX reserves the right to verify your identity and/or the identity of your legal entity at any time for the purposes of complying with the Seychelles’ Anti-Money Laundering Act 2017.
3.6 We may suspend any Account in the event that we suspect or have reason to believe you are engaged in suspicious trading or other activity or have breached any of the above warranties. In the event that we request additional information about you, we may suspend your Account until you provide this information to us and we will not be liable to you for any losses that result from such suspension. If you do not cooperate with our requests for further information or documentation during the suspension of your Account, we reserve the right to keep your Account in suspension indefinitely or to terminate your Account.
3.7 If we are satisfied that you comply with all applicable requirements, we will provide you with a verified account to access the Platform. For the avoidance of doubt, we may refuse to grant a verified account to any person without stating a reason.
4. DEPOSITS AND WITHDRAWALS
4.2 To enable Stablecoin deposits and withdrawals on your Standard Account, you will first have to provide extra information as set out in clause 3.b.
4.2.1 Following this verification confirmation, you will be able to deposit Stablecoin into your Account by sending it to the address we provide you with.
4.3 Any Cryptocurrency (including any Margin) you send in accordance with clause 4.a will be held within a storage solution managed by us and is not insured against loss.
4.4 You shall be permitted to withdraw Cryptocurrency credited to your Account on the Platform by making a withdrawal instruction via the Platform.
4.5 Where a withdrawal instruction is received by us in respect of Cryptocurrency, we shall credit such Cryptocurrency to the Cryptocurrency wallet you nominated on registration or subsequently agreed with us.
4.6 You warrant that you own and are fully responsible for any Cryptocurrency wallet you have notified to us for the purposes of receiving Cryptocurrency withdrawn from the Platform.
4.7 If you receive a deposit that you did not initiate, you must inform us at the first available opportunity after becoming aware of the deposit.
4.8 We cannot reverse a Cryptocurrency transaction which has been sent to a Cryptocurrency network.
4.9 We may suspend any deposit or withdrawal instruction without stating a reason. In the event that we request additional information about the transaction, we may suspend your deposit or withdrawal instruction until you provide this information to us and we will not be liable to you for any losses that result from such suspension.
4.10 You acknowledge that deposited and traded Cryptocurrency may be co-mingled with those of other Customers of CoinFLEX in the Client Account.
4.11 You acknowledge that CoinFLEX is under no obligation to pay interest on any funds held on your behalf in any account.
4.12 You may not use the Platform to store, send, request, or receive Cryptocurrencies (or other digital assets) which are not expressly supported by the Platform. If you attempt to send a transfer to our Platform of a cryptocurrency which is not supported by us, we are under no obligation to return such Cryptocurrency to you.
5.1 Tutti i pagamenti a noi effettuati ai sensi del presente accordo devono essere effettuati per intero senza alcuna compensazione, contropretesa o detrazione di sorta.
5.2 We shall make payments to you in full less our Commission (as defined on our Fees page) unless:
5.2.1 It is required by law to deduct sums in respect of taxation;
5.2.2 It is or will be owed amounts which are incurred in respect of transfer charges that may be levied;
5.2.3 You owe us amounts in respect of other Orders or Commission which have not been settled in accordance with this Agreement.
6. TRADING ON THE PLATFORM
6.1 meno che non si disponga di un Leverage Funding (nel qual caso è possibile negoziare fino al proprio Leverage Funding Limit), prima di effettuare qualsiasi Ordine, è necessario aver accreditato la Cryptocurrency sul proprio Conto. Non permetteremo l'invio di alcun Ordine fino a quando Cryptocurrency non sarà stato depositato all'indirizzo notificato, e non possiamo accettare la responsabilità per qualsiasi ritardo nelle negoziazioni o per il successivo ritiro dovuto all'arrivo tardivo di tali fondi.
6.2 If you have a sufficient balance of Cryptocurrency in your Account, you will be able to trade with other Users.
6.3 To open or close a trade on the Platform, you must submit an Order. Once you have submitted an Order we will attempt to match it with a User on the Platform that wishes to take the other end of the trade. We are under no obligation to accept or match any Order submitted by you, and we maintain discretion over whether any order is accepted, matched, or executed. There will be no contract between you and another User until the proposed trade has been approved by us.
6.4 Where an Order has not been matched, we may in our sole and absolute discretion cancel the Order.
6.5 We shall at all times be entitled to operate on the basis that each Order is correct and does not contain any errors (including in the case of manifest errors).
7.1 Se il tuo ordine viene abbinato con successo con un altro Utente, tale Utente diventerà la tua Controparte in quel trade. Ciò si tradurrà in un contratto bilaterale, over the counter tra voi e la vostra controparte.
7.2 We match all Users anonymously and do not provide Users with information about their Counterparties.
7.3 You can trade out of any of your open positions in the Futures by offering the reverse trade on the Platform, provided that there is a Counterparty for such trade.
7.4 If a User trades out of a trade in which you are their Counterparty, the User with whom they trade out of the trade will become your new Counterparty. You will not be notified if your Counterparty changes.
8. POSITION LIMITS
8.1 Limiteremo l'esposizione che avete nei confronti delle vostre controparti imponendo limiti massimi di leva finanziaria che potete assumere in qualsiasi momento.
8.2 When you first join the Platform, we will set our standard Position Limits for you. You can apply to have this position increased on an exemption basis, but we reserve the right to adjust your Position Limit upwards or downwards at any time.
9. TRADING ON MARGIN
9.1 CoinFLEX enables you to access Leverage Funding to place Leveraged Orders.
9.2 We do not charge any interest, fees or other charges to make Leverage Funding available to you.
9.3 We may determine the maximum amount of Leverage available to you and we will notify this to you in advance. Your maximum limit may be specified in your profile.
9.4 You may place any number of Leverage Orders, up to their maximum amount of Leverage Funding available.
9.5 When the amount of Leverage Funding remains outstanding:
9.5.1 The balance in your Account may show as negative;
9.5.2 You will not be able to withdraw Cryptocurrency from your Account.
9.6 The full amount of each Leverage Funding must be repaid within the Repayment Period. We will treat the full amount as having been repaid when the full amount of the Leverage Funding has been credited to your Account.
9.7 It is your responsibility to ensure that any amount not yet repaid is credited to your Account within the Repayment Period. You can effect repayment by using either:
9.7.1 Proceedings resulting from a filled Order;
9.7.2 The return or release of Cryptocurrency held for an Order which has been cancelled or expired;
9.7.3 Cryptocurrency deposited by you into your Account.
9.8 We may restrict withdrawals from your Account at any time that you have Leverage Funding outstanding or you are attempting to withdraw profits before a Futures contract has settled.
9.9 You must retain in your Account an amount equivalent to (or in excess of) the Margin Requirement (as notified to you from time to time).
9.10 For each Futures position and each open order to buy or sell Futures that would further increase your position size you need to provide Margin as published on the Platform from time to time to meet your Margin Requirement.
9.11 If the amount in your Account falls to or below the Margin Requirement, then we may close out your positions in accordance with clause 10.
9.12 If balances in your sub-Account reach a negative balance then the Platform will have the right to merge such sub-Account with your main Account.
10. CLOSE OUT
10.1 Se non riuscite a soddisfare il vostro Requisito di Margine o se un Leverage Funding non è stato rimborsato alla scadenza del Periodo di Rimborso, allora possiamo, a nostra discrezione, annullare i vostri Ordini aperti nei Futures e/o liquidare alcune o tutte le vostre posizioni aperte nei Futures. Liquideremo tutte le posizioni al miglior prezzo disponibile sulla Piattaforma al momento della chiusura e l'utente accetta di accettare tale prezzo.
10.2 If, after a Close Out, any part of the relevant Leverage Funding is not fully repaid, you remain liable to us for that amount. We reserve the right during this time to impose a Clawback in respect of some or all Users including against balances on all your Accounts on the Platform.
11. NO FINANCIAL ADVICE
11.1 We may in our sole and absolute discretion from time to time provide you with information on practical aspects of using the Platform.
11.2 Notwithstanding any such information provided by Us, you acknowledge and agree that you enter into each Order of you own free will without reliance on any information provided by us and that such Order is at your own risk. You shall not be entitled to rely on Our for advice on the timing or terms of any Order.
11.3 You acknowledge and agree that the exchange rate between Cryptocurrencies varies regularly and will be affected by matters and events outside of your control or control of CoinFLEX.
12. WARRANTIES AND REPRESENTATIONS
12.1 Garantisce che:
12.1.1 You have full legal capacity to enter into this Agreement;
12.1.2 All Cryptocurrency deposited into your Account derive from legitimate/legal sources;
12.1.3 Using the Platform does not infringe any local laws of your country of residence;
12.1.4 If you are an individual, you are not acting on someone else’s behalf;
12.1.5 You only will apply for a single Account with us;
12.1.6 If you are a company, you are authorised to transact on behalf of your legal entity;
12.1.7 You understand the risks associated with trading Futures.
13. YOUR CONDUCT
13.1 Utilizzando la Piattaforma, l'utente si impegna a non caricare, pubblicare, inviare via e-mail o in altro modo inviare o trasmettere materiale che contenga virus, cavalli di Troia, worm o qualsiasi altro codice informatico, file o programmi progettati per interrompere, distruggere o limitare la funzionalità di qualsiasi software o hardware o attrezzatura di telecomunicazione associati alla Piattaforma.
13.2 You agree and undertake to keep your username and password confidential, not to disclose your password to any other person and not to permit any other person to log in to the Platform using your username and password. If you choose to share your credentials with a third party, you do so at your own risk.
13.3 You agree not to interfere with the servers or networks connected to the Platform or to violate any of the procedures, policies or regulations of networks connected to the Platform, including this Agreement.
13.4 You also agree not to:
13.4.1 Attempt to reverse engineer or sell, export, license, modify, copy, distribute or transmit the Platform to any third party, or jeopardise the correct functioning of the Platform, or otherwise attempt to derive the source code of the software (including the tools, methods, processes and infrastructure) that enables or underlies the Platform;
13.4.2 Attempt to gain access to secured portions of the Platform to which you do not possess access rights;
13.4.3 Impersonate any other person while using the Platform;
13.4.4 Conduct Yourself in a vulgar, offensive, harassing or objectionable manner while using the Platform;
13.4.5 Use the Platform to generate unsolicited advertisements or spam;
13.4.6 Use any automatic or manual process to search or harvest information from the Platform, or to interfere in any way with the proper functioning of the Platform.
14. OUR RIGHTS
14.1 Per proteggere la Piattaforma ci riserviamo il diritto di:
14.1.1 Request from you proof of source of funds;
14.1.2 Confirm your control of your cryptocurrency address;
14.1.3 Monitor the activity of your account and transaction / usage behaviour both on and off the Platform to the limits of our ability to help execute our AML/CTF policies;
14.1.4 Suspend your Account due to repetitive losses and to assess the appropriateness of the Platform for you;
14.1.5 Suspend your Account due to suspected misuse of the Platform by you.
14.2 We reserve the right to use our own methods for calculation of open positions in the Futures, the Margin Requirement and Close Out. We change these methods from time to time (but we will notify you of any such change).
14.3. In rare situations the Platform will have the right to convert any open spot positions of Users to a “dollarised” USDC position. Such actions will only be taken after providing Users with at least 24hrs of notice.
15. INTELLECTUAL PROPERTY
15.1 CoinFLEX e/o i suoi licenziatari sono gli unici proprietari della Piattaforma, che include qualsiasi software, dominio e contenuto reso disponibile attraverso la Piattaforma.
15.2 The CoinFLEX brand, its graphics, logos, icons and service names related to the Platform and the Platform are protected by Seychelles copyright and other intellectual property laws. Without limitation, this means that you may not sell, export, license, modify, copy, distribute or transmit the Platform (or any part of it) or any material provided through the Platform without our prior express written consent.
15.3 Any unauthorised use of the Platform will result in the automatic termination of the limited license granted by us. We reserve the right to terminate the limited license without notice at any time following an unauthorised use by you of the Platform.
15.4 All other trademarks not owned by CoinFLEX that appear in connection with the Platform are the property of their respective owners, who may or may not be affiliated with, connected to or sponsored by CoinFLEX.
16.1 Anche se abbiamo implementato misure tecniche e organizzative commercialmente ragionevoli per proteggere le vostre informazioni personali da un uso non autorizzato, non possiamo garantire che terzi non autorizzati non saranno mai in grado di sconfiggere tali misure. L'utente riconosce di fornire le proprie informazioni personali a proprio rischio e pericolo.
17. ELECTRONIC COMMUNICATIONS
17.1 Scaricando e/o utilizzando la Piattaforma e/o visualizzando gli Ordini e/o effettuando qualsiasi Ordine attraverso la Piattaforma, acconsentite a ricevere comunicazioni elettroniche e avvisi da CoinFLEX accettate che qualsiasi avviso, accordo, divulgazione o altre comunicazioni che vi invieremo elettronicamente soddisferanno qualsiasi requisito di comunicazione legale, incluso che tali comunicazioni siano in forma scritta.
18.1 Ci fornisci informazioni quando registri un Account tramite la Piattaforma. Raccogliamo anche informazioni relative sia a voi (ad esempio sulla vostra storia di utilizzo e di trading) sia ai Clienti della Piattaforma in generale. Tutte le informazioni da voi inviate o che raccogliamo quando utilizzate la Piattaforma sono soggette all'Informativa sulla Privacy di CoinFLEX, i cui termini sono incorporati in questi Termini e Condizioni.
19.1 Accettate di indennizzare e tenere indenne CoinFLEX e le sue società collegate, e ciascuno dei loro rispettivi azionisti, direttori, funzionari, dipendenti, agenti e partner commerciali da e contro qualsiasi rivendicazione o causa di azione legale di terzi, incluse le ragionevoli spese legali e i costi processuali, derivanti, direttamente o indirettamente, dalla vostra violazione dei presenti Termini e Condizioni e/o dalla vostra violazione di qualsiasi legge o dei diritti di terzi.
20. NO WARRANTY AND LIABILITY LIMIT
20.1 The Platform is provided on an “as available,” “as is” basis. To the maximum extent permitted by law, we and our suppliers and vendors disclaim all warranties with respect to the platform, including, but not limited to, the implied warranties of non-infringement, title, merchantability, quiet enjoyment, quality of information, and fitness for a particular purpose. We do not warrant that the Platform will meet your requirements, that you will be able to place Orders through the Platform, or that the operation of the Platform will be uninterrupted or error-free, or that defects in the Platform will be corrected. No oral or written information or advice given by us shall create any additional warranties or in any way increase the scope of our obligations. You assume all responsibility for determining whether the platform or the information generated thereby is accurate or sufficient for your purposes.
20.2 We reserve the right to deliver the Platform and to process Orders in our sole and absolute discretion, including the right to refuse to execute Orders, cancel or reverse already executed Orders in case of manifest or obvious error.
20.3 In no event shall we, or our shareholders, directors, officers, employees or agents be liable (jointly or severally) to you for loss of use or any special, incidental, direct, indirect or consequential damages arising out of or in connection with the Platform, the placement by you of any Order, the delivery of any Cryptocurrency, the failure in whole or in part of the Platform or to deliver any Cryptocurrency or this Agreement, on any theory of liability, and whether or not advised of the possibility of damage.
20.4 Notwithstanding the foregoing, the entire liability for us and each of our affiliates, suppliers and vendors (collectively) under this agreement for all damages, losses (including trading losses), and causes of action, whether in contract, tort (including negligence), or otherwise shall be limited to an amount equal to US$1.00.
20.5 We do not seek to exclude liability for death or personal injury caused by our negligence, or fraud or fraudulent misrepresentation on our part.
21.1 Il presente accordo non ha una durata fissa o minima e può essere concluso da voi o da noi. Potete terminare in qualsiasi momento inviandoci un'e-mail all'indirizzo [email protected].
21.2 We may terminate this Agreement (and close your Account) at any time and for whatever reason upon giving you 7 days’ notice.
21.3 We may terminate this Agreement (and close access to your Account) immediately if:
21.3.1 You are in breach of this Agreement;
21.3.2 If we reasonably suspect criminal or fraudulent activity; and
21.3.3 We would break the law by continuing this Agreement.
21.4 If We terminate this Agreement, we’ll tell you our reasons for doing so (unless the law prevents us from doing so).
21.5 Upon termination, all of your Orders will be cancelled and all of your rights and obligations will be subject to Close Out in accordance with Clause 10. If your Account has a negative balance, you will remain liable to us for any amounts outstanding.
22.1 You are not permitted to assign, transfer, charge, sub-contract or deal in any other manner with all or any of Your rights under these Terms of Service without our prior express written consent. We may assign any of our rights and (with your consent) our obligations under this Agreement.
22.2 This Agreement is between you and us. No person shall have any rights under or connection with this Agreement under the Contracts (Rights of Third Parties) Act 1999.
22.3 The parties agree that we shall perform our duties under this Agreement as an independent contractor. Nothing contained herein shall be deemed to establish a partnership, joint venture, association, or employment relationship between the parties. Personnel employed or retained by us who perform duties related to this Agreement shall remain under our supervision, management, and control.
22.4 The parties are the sole parties to this Agreement which is personal to them and acknowledge that they do not hold the benefit of any provisions on behalf of third parties and that no third parties shall have the benefit of any provisions of this Agreement or any right to enforce the same.
22.5 If any court or competent authority decides that any term of this Agreement is held to be invalid, unlawful or unenforceable to any extent, such term shall, to that extent only, be severed from the remaining terms, which shall continue to be valid to the fullest extent permitted by law.
22.6 Headings are for reference purposes only and in no way define, limit, construe or describe the extent or scope of such section.
22.7 Our failure to enforce any term of this Agreement shall not constitute a waiver of that or any other provision and will not relieve you from the obligation to comply with such provision.
22.8 We will send you notices to the email address you provided in your Account. These will be deemed to be delivered to you if we do not receive a failed delivery message. You must send your notices to [email protected].
22.9 We shall not be in breach of this Agreement nor liable for delay in performing, or failure to perform, any of our obligations under this Agreement if such delay or failure result from events, circumstances or causes beyond our reasonable control.
22.10 This Agreement set forth the entire understanding and agreement between you and us with respect to the subject matter hereof.
22.12 This Agreement and any dispute or claim arising out of or in connection with it or its subject matter or formation (including non-contractual disputes or claims) shall be governed by and construed in accordance with the laws of the Republic of Seychelles.
22.13 You irrevocably agree that the courts of the Republic of Seychelles shall have exclusive jurisdiction to settle any dispute or claim that arises out of or in connection with this Agreement or their subject matter or formation (including non-contractual disputes or claim