The judgment of the Court of Justice of the European Union in the case of Società Italiana Lastre SpA (SIL) v Agora SARL, casts doubt on the validity of asymmetric jurisdiction clauses under the Brussels Recast Regulation that do not meet certain specific criteria, and as such it has potential implications for financing transactions where use of asymmetric jurisdiction clauses that reference the courts of England & Wales is ubiquitous. Click here to read more.
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Asymmetric jurisdiction clauses – the impact of recent case law on financing transactions
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