Who Owns the Ferrari F50?
The Ferrari F50 is, by all accounts, a pretty amazing car. One website describes it as the “ultimate showcase of the infamous Italian marque” and “one of the most sought-after driving machines in the world.” Only 349 were ever made. Just last year, a Ferrari F50 sold at auction for roughly $3.8 million. All of…
Continue ReadingThe Real Significance of the Hague Convention on Choice of Court Agreements
The stated purpose of the 2005 Hague Convention on Choice of Court Agreements (“COCA”) is to “provide[] certainty and ensure[] the effectiveness of exclusive choice of court agreements between parties to commercial transactions.” The treaty seeks to achieve this goal in two primary ways. First, the courts in contracting states must enforce choice of court…
Continue ReadingThrowback Thursday: Canada, Cannabis, and Forum Selection Clauses
Companies engaged in transnational litigation prefer, as a rule, to litigate disputes at home. Litigating at home allows a party to rely on lawyers and procedures with which it is already familiar. It also forces the other party to bear the costs of litigating in an unfamiliar legal system and (sometimes) in a foreign language….
Continue ReadingCISG Opt-Outs and Party Intent
The United Nations Convention on Contracts for the International Sale of Goods (CISG) is one of the most widely adopted commercial law treaties in the world. It functions as an “international” version of Article 2 of the Uniform Commercial Code (UCC) and, as such, provides the governing law for many cross-border agreements involving the sale…
Continue ReadingThe Comparative Value of Choice of Law and Forum Selection Clauses
Choice-of-law clauses and forum selection clauses routinely come before courts hearing transnational cases. A choice-of-law clause selects a law to govern the contract. A forum selection clause chooses a court in which to resolve disputes. These differences notwithstanding, the two clauses are often discussed in the same breath. Leading casebooks on conflict of laws examine…
Continue ReadingRecent Scholarship on Foreign Judgments
Michael Solimine recently posted an interesting paper exploring the connection between party autonomy, on the one hand, and the recognition and enforcement of foreign judgments, on the other. Solimine thoughtfully engages with the argument that private parties should be permitted to select, in advance, the law that will govern the recognition and enforcement of foreign…
Continue ReadingInterpreting Foreign Forum Selection Clauses
What law should a court use to interpret a forum selection clause selecting the courts of a foreign country when the contract also contains a choice-of-law clause selecting the law of that same country? A pair of federal court decisions—one from Illinois, and one from California—recently addressed this question. Neither of these decisions is likely…
Continue ReadingExclusive Forum Selection Clauses in the First Circuit
Forum selection clauses are complicated. Under the framework laid down by the U.S. Supreme Court in Atlantic Marine (2013), a clause selecting the courts of another jurisdiction should only be given effect in federal court when it is “contractually valid.” As part of the inquiry into contractual validity, a court must first interpret the clause…
Continue ReadingThrowback Thursday: Choice-of-Law Clauses Through the Lens of Contract
The academic literature on choice-of-law clauses may be usefully sorted into three boxes. Articles in the first box seek to ascertain when, exactly, the courts will enforce these clauses. This body of literature looks to case decisions, treatises, statutes, and works such as the Restatement (Second) of Conflict of Laws in an attempt to determine…
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