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asymmetric jurisdiction clauselis pendens
Commerzbank Aktiengesellschaft v Liquimar Tankers Management Inc
Commerzbank Aktiengesellschaft v Liquimar Tankers Management Inc [2017] EWHC 161 (Comm)
Key Principle
An asymmetric (one-sided) jurisdiction clause is an agreement conferring exclusive jurisdiction within Article 31(2) of the recast Brussels Regulation (EU 1215/2012), so the court designated by the clause may proceed notwithstanding earlier-seised proceedings elsewhere and the ordinary lis pendens 'first-seised' rule in Article 29 does not require a stay.
Area of Law
General
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