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Parties usually include a jurisdiction clause in their agreement
to decide on which national court(s) shall have the authority to
determine a dispute. In credit agreements asymmetric clauses are
often used. Asymmetric jurisdiction clauses are characterized by
giving the parties non-symmetric options regarding jurisdiction. In
a credit agreement the creditor is typically given the right to
initiate proceedings in any court of any competent jurisdiction,
while the borrower may only initiate court proceedings in the one
jurisdiction specified in the relevant jurisdiction clause. This ....

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