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"When deciding how and where to resolve disputes that have or may arise parties in international civil and commercial relationship make agreements separate from the main contract which determine either the choice of court or the form and procedure arbitration will take. Both types of agreement have specific contractual requirements for their formation, incorporation and validity, provide certainty for commercial parties, have the prorogation effect to make the chosen forum competent and have the derogation power to deprive any otherwise competent fora their jurisdiction. Because of the similarities between the two types of procedural autonomy agreements, they are often treated in a similar way by courts and practitioners. The Convention on the Recognition and Enforcement of Foreign Arbitral Awards, also known as the New York Convention which requires the courts of contracting States to give effect to private agreements to arbitrate as well as recognizing and enforcing arbitration awards made in other contracting states has proved very successful since it entered into force in 1959. In 2005 the Hague Convention on Choice of Court Agreements was concluded and opened for ratification. This aims to become the litigating counterpart to the New York Convention and it is presumed that since exclusive jurisdiction clauses have similar functions to arbitration agreements that the Hague Choice of Court Convention should achieve similar success. This book offers a systematic and comparative study on the prerequisites, effectiveness, and enforcement of exclusive jurisdiction and arbitration agreements in international dispute resolution in order to determine whether the clauses have the identical effects in private international law. The book also investigates whether they have or should be given the same treatment by most countries in the world. The book compares the treatment of jurisdiction and arbitration clauses in the US, China, the UK and the EU with the use of empirical evidence to demonstrate how in practice exclusive jurisdiction and arbitration agreements are enforced. In light of all this the book considers whether the Hague Convention could be treated as a litigating counterpart of the New York Convention and whether it could work successfully to facilitate judicial cooperation and party autonomy in international commerce"-- "Arbitration and jurisdiction agreements are frequently used in transnational commercial contracts to reduce risk, gain efficacy and acquire certainty and predictability. Because of the similarities between these two types of procedural autonomy agreements, they are often treated in a similar way by courts and practitioners. This book offers a comprehensive study of the prerequisites, effectiveness, and enforcement of exclusive jurisdiction and arbitration agreements in international dispute resolution. It examines whether jurisdiction and arbitration clauses have identical effects in private international law and whether they have been or should be given the same treatment by most countries in the world. By comparing the treatment of these clauses in the US, China, UK and EU, Zheng Sophia Tang demonstrates how, in practice, exclusive jurisdiction and arbitration agreements are enforced. The book considers whether the Hague Convention on Choice of Court Agreements could be treated as a litigating counterpart to the New York Convention, and whether it could work successfully to facilitate judicial cooperation and party autonomy in international commerce. This book breaks new ground in combining updated materials in EU, US and UK law with unique resources on Chinese law and practice. It will be valuable for academics and practitioners working in the field of private international law and international arbitration"--

Arbitration agreements, commercial. --- International commercial arbitration. --- Jurisdiction. --- Commercial law. --- Law / commercial / international trade. --- Law / commercial / general. --- Law / conflict of laws.

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World trade and investment law is in crisis: new and progressive ideas are needed. Rules that facilitated globalization and supported global economic growth are being challenged. A system of global governance that once seemed secure is now at risk as the United States ignores the rules while developing countries struggle to escape restrictions. Some want to tear global institutions and agreements down while others try desperately to maintain the status quo. Rejecting both options, a group of trade and investment law experts from 10 countries, South and North, have joined hands to propose ideas for a new world trade and investment law that would maintain global growth while distributing costs and benefits more fairly. Paying special attention to those who have suffered from trade dislocation and to restrictions that have hampered innovative growth strategies in developing countries, they outline a progressive trade and investment law agenda in "World Trade and Investment Law Reimagined".

Foreign trade regulation --- Investments, Foreign (International law) --- Law and economic development --- LAW / Commercial / International Trade. --- POLITICAL SCIENCE / Globalization. --- SOCIAL SCIENCE / Developing Countries. --- International investment law --- Investment law, International --- International law