Category

Asymmetric Jurisdiction Agreements

Category

In brief Unilateral jurisdiction clauses, commonly known as asymmetric jurisdiction agreements, are common in certain international commercial agreements, in particular in the context of international banking practice. These clauses permit one party to select the jurisdiction and forum for dispute resolution in respect of any claims it may have against the other party under the agreement, whilst not affording the counterparty with the same flexibility. In the case of Lara Basem Musa Khoury v Mashreq…