Published on: 18 March 2025
Published by a LexisNexis Ireland - Banking & Financial Services expert
The latest judgment of the CJEU in Società Italiana Lastre SpA (SIL) v Agora SARL offers both reassurance and doubt regarding asymmetric jurisdiction clauses in finance contracts. The court’s ruling delivers long-anticipated legal certainty for clauses appointing the courts of EU member states or courts of Lugano states, affirming their effectiveness under Article 25 of Regulation (EU) No 1215/2012 (Brussels Recast). Yet the decision leaves open issues about the enforceability of asymmetric jurisdiction provisions that permit one party to start proceedings in any competent court, including fora beyond the EU. Such clauses, which let finance parties select any competent court for proceedings while confining obligors to a specified jurisdiction/court, are customary in finance documentation, notably in syndicated lending.
The French Cour de cassation sought a preliminary ruling on the scope and reading of Article 25(1) of Brussels Recast (Article 25(1)), arising from litigation between Società Italiana Lastre SpA (SIL), an Italian company, and Agora SARL (Agora), a French company. The central question concerned the validity of an asymmetric jurisdiction clause in a guarantee, which authorised SIL to commence proceedings before any competent court. Under the clause, however, Agora was restricted to the designated jurisdiction or court...
When evaluating a general damages claim, the practitioner ought initially to refer to the Judicial College Guidelines (JCG)...
This Practice Note This Practice Note reviews mechanisms used in settling litigation. A Tomlin order consists of a consent order paired with a schedule. It operates to stay proceedings on terms that have been agreed. The provisions contained in the schedule may remain confidential. This Practice Note describes the scope of confidentiality attaching to the schedule and sets out how it differs from a standard consent order. Sample wording for a Tomlin order is included, alongside links to precedents, as well as guidance on court approval. It also addresses varying, setting aside and enforcing a Tomlin order, including the considerations the court will take into account when handling applications for each. Further guidance is provided on interpreting and applying the relevant provisions of the CPR; however, some courts and divisions impose very specific requirements for both drafting and approval, and for approaching the schedule and confidentiality issues. Accordingly, you must consider the particular rules and court guide provisions in the forum where your claim is proceeding when drawing up the Tomlin order...
Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...
I, [ name ], of [ address ], solemnly and sincerely state that: [ Matters to be verified, set out in numbered paragraphs ] I make this solemn statement in good conscience, believing it to be true, and pursuant to the provisions of the Statutory Declarations Act 1835. DECLARED at [ details ] this [ day ] day of [ month and year ] Before me ................................................................................ [ signature of the person before whom the declaration is made ] A [ commissioner for oaths OR [ solicitor OR [ insert other qualification ] ] authorised to administer oaths ]...