In a decision that may cause some concern, the CJEU has held that asymmetric EU jurisdiction clauses are only valid under EU law if they designate with sufficient precision the alternative jurisdictions in which proceedings...more
3/3/2025
/ Contract Terms ,
Corporate Counsel ,
Court of Justice of the European Union (CJEU) ,
Cross-Border Transactions ,
Debt Collection ,
Enforcement Actions ,
EU ,
Financial Services Industry ,
Jurisdiction ,
Loans ,
Risk Management
The disclosure obligations arising from an implied advisory agreement between a bank and a non-consumer borrower of a structured loan have been recently spelt out by the Federal Court of Justice (Bundesgerichtshof, BGH). The...more