A forum selection clause is a contractual provision that selects a court to resolve disputes. When suit is filed in a jurisdiction that is not the chosen forum, the clause may provide a basis for dismissal or transfer. When suit is filed in the chosen forum, the clause may provide a basis for asserting personal jurisdiction over the defendant.
A Primer on Forum Selection Clauses
A forum selection clause is a contractual provision that selects a specific court to resolve disputes. When suit is filed in a court that is not the chosen forum, the clause may provide a basis for dismissal or transfer. When suit is filed in the chosen forum, the clause may provide a basis for the…
Continue ReadingForum Selection Clauses and Subject-Matter Jurisdiction
The forum selection clause is the Swiss Army Knife of transnational litigation. It may be used to obtain personal jurisdiction over a defendant who otherwise lacks any connection to the chosen jurisdiction. It may supply a reason for dismissing a case filed in a jurisdiction other than the one named in the clause. It may be deployed to…
Continue ReadingDim Sum Bonds, Panda Bonds, and Dispute Resolution
China’s push to internationalize the renminbi (RMB, or yuan) since 2008 has led to the growing share of RMB-denominated bonds in the international bond market. So-called “panda bonds” and “dim sum bonds” are variants of RMB-denominated bonds. Panda bonds are onshore RMB debt issued in China by entities domiciled outside mainland China. Overseas issuers use…
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