Exclusive Jurisdiction Clauses
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This paper consists of two parts, the first being a case brief of a case in which Americans who had become participants in Lloyds of London sought to void the exclusive jurisdiction clauses of their membership agreements by asserting that English law did not recognize claims arising under Ohio securities law. The paper discusses how the court refused to accept this as reason for voiding the agreements. The second part is a discussion of claims against nations and their corporate proxies.
From the Paper:"Plaintiffs had joined Lloyd's, and in this process, had appointed defendants as their agents and executed agreements making the courts of England the forum for litigating all disputes. Plaintiffs sought to rescind these contracts, arguing that the forum selection clauses deprived them of rights under Ohio laws and arguing that Ohio public policy outweighed the policies served by enforcing the clauses. The trial court ruled that the exclusive jurisdiction clauses were valid and dismissed. Plaintiff appealed. The Court of Appeals reviewed de novo. ISSUE: If, under an exclusive jurisdiction clause, plaintiff will have..."
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Exclusive Jurisdiction Clauses (2007, December 01) Retrieved October 16, 2019, from https://www.academon.com/term-paper/exclusive-jurisdiction-clauses-133995/
"Exclusive Jurisdiction Clauses" 01 December 2007. Web. 16 October. 2019. <https://www.academon.com/term-paper/exclusive-jurisdiction-clauses-133995/>