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The Legal Regulation and Enforcement of Asymmetric Jurisdiction Agreements in the European Union

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The Legal Regulation and Enforcement of Asymmetric Jurisdiction Agreements in the European Union. / Ahmed, Mukarrum.

In: European Business Law Review, Vol. 28, No. 3, 28.05.2017, p. 403-425.

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Ahmed, Mukarrum. / The Legal Regulation and Enforcement of Asymmetric Jurisdiction Agreements in the European Union. In: European Business Law Review. 2017 ; Vol. 28, No. 3. pp. 403-425.

Bibtex

@article{a3c007fb3a4643ffab5d8c3195cde8f5,
title = "The Legal Regulation and Enforcement of Asymmetric Jurisdiction Agreements in the European Union",
abstract = "This article examines the legal regulation and enforcement of asymmetric choice of court agreements under the Brussels I Regulation (Recast). The two significant and related issues of the effectiveness of asymmetric jurisdiction agreements under Article 25 of the Recast Regulation and whether proceedings commenced in the primary non-exclusive court identified in the agreement should trigger the application of Article 31(2) of the Recast Regulation are analyzed. Notwithstanding, the rulings of the French Cour de Cassation in Banque Rothschild and ICH v Credit Suisse, it will be argued that asymmetric choice of court agreements should in principle be effective under Article 25 of the Recast Regulation from the perspectives of validity, certainty, form and fairness. The validity and effectiveness of asymmetric jurisdiction agreements in the jurisprudence of the English courts is already well established. There also exists some support for the argument that proceedings initiated in the English courts (as the primary non-exclusive court identified in the clause) may invoke the protective cover of Article 31(2) of the Recast Regulation where the borrower in an international finance agreement has breached his obligation to sue exclusively in the English courts.",
author = "Mukarrum Ahmed",
note = "Copyright {\circledC} 2017 Kluwer Law International All rights reserved",
year = "2017",
month = "5",
day = "28",
language = "English",
volume = "28",
pages = "403--425",
journal = "European Business Law Review",
issn = "0959-6941",
publisher = "Wolters Kluwer (UK) Ltd.",
number = "3",

}

RIS

TY - JOUR

T1 - The Legal Regulation and Enforcement of Asymmetric Jurisdiction Agreements in the European Union

AU - Ahmed, Mukarrum

N1 - Copyright © 2017 Kluwer Law International All rights reserved

PY - 2017/5/28

Y1 - 2017/5/28

N2 - This article examines the legal regulation and enforcement of asymmetric choice of court agreements under the Brussels I Regulation (Recast). The two significant and related issues of the effectiveness of asymmetric jurisdiction agreements under Article 25 of the Recast Regulation and whether proceedings commenced in the primary non-exclusive court identified in the agreement should trigger the application of Article 31(2) of the Recast Regulation are analyzed. Notwithstanding, the rulings of the French Cour de Cassation in Banque Rothschild and ICH v Credit Suisse, it will be argued that asymmetric choice of court agreements should in principle be effective under Article 25 of the Recast Regulation from the perspectives of validity, certainty, form and fairness. The validity and effectiveness of asymmetric jurisdiction agreements in the jurisprudence of the English courts is already well established. There also exists some support for the argument that proceedings initiated in the English courts (as the primary non-exclusive court identified in the clause) may invoke the protective cover of Article 31(2) of the Recast Regulation where the borrower in an international finance agreement has breached his obligation to sue exclusively in the English courts.

AB - This article examines the legal regulation and enforcement of asymmetric choice of court agreements under the Brussels I Regulation (Recast). The two significant and related issues of the effectiveness of asymmetric jurisdiction agreements under Article 25 of the Recast Regulation and whether proceedings commenced in the primary non-exclusive court identified in the agreement should trigger the application of Article 31(2) of the Recast Regulation are analyzed. Notwithstanding, the rulings of the French Cour de Cassation in Banque Rothschild and ICH v Credit Suisse, it will be argued that asymmetric choice of court agreements should in principle be effective under Article 25 of the Recast Regulation from the perspectives of validity, certainty, form and fairness. The validity and effectiveness of asymmetric jurisdiction agreements in the jurisprudence of the English courts is already well established. There also exists some support for the argument that proceedings initiated in the English courts (as the primary non-exclusive court identified in the clause) may invoke the protective cover of Article 31(2) of the Recast Regulation where the borrower in an international finance agreement has breached his obligation to sue exclusively in the English courts.

M3 - Journal article

VL - 28

SP - 403

EP - 425

JO - European Business Law Review

JF - European Business Law Review

SN - 0959-6941

IS - 3

ER -