Under NEC3, does X2.1 in itself become the compensation event i.e. ‘We notify a compensation event which is a change in the law under Option X2’ or does an event under 60.1 have to be referenced. If the latter, which event?
Your first answer is correct. This would be a compensation event under X2.1. Not all compensation events are in clause 60.1. There are a few in other secondary options or option B clauses as well.