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Course Introduction to International Business Law
Lecture 3

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Topics
•Revision lecture 2
–Questions
•Subjects of today:
–Introduction to EEX/ Brussels 1
–Execution of the verdict
–Arbitration
–Homework
•

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Introduction to EEX-Regulation
•Gives provisions to determine which court of law has jurisdiction in case of a lawsuit where
parties are living in different states. •All EU-MS (except for Denmark) submit under this
Regulation
•Relevant is the place of residence

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Introduction to EEX-Regulation 2
•Special provisions for jurisdiction:
–Art. 23: choice of parties (written)
–Art .22: immovable property =exclusive jurisdiction
–Artt.18-21: individual employment contract
–Artt.15-17: consumer contracts
–Artt.8-14: insurance matters

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Introduction to EEX-Regulation 3
•General provisions of art 2 & 5:
–Art.2: court of law of the country of the defendant has jurisdiction
–Combine art. 2 with art. 5 to determine the alternative jurisdiction
–Art.5 par.1 : matters related to contract
–Art.5 par.3 : matters related to tort
–In case of two courts of law being competent, the plaintiff can choose

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Execution of the verdict
•Art. 38: if a court of law is competent according to the EEX-Regulation, the verdict can be
executed everywhere across the EU.

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Arbitration
•Alternative for a lawsuit in court
•Parties in the same line of business
•Third party (expert) decides on the litigating matter
•Place of arbitration is mentioned
•Advantages:  experts/less formal/ not open to public/ independent from states
•Disadvantages: expensive/ once chosen for arbitration the way to court is closed
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Homework
•Exercise 3 Chapter 3