socialmedian: United States: Non-U.S. Successors Can Be Bound To U.S. Forum Selection Clauses

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United States: Non-U.S. Successors Can Be Bound To U.S. Forum Selection Clauses - Proskauer Rose LLP

Source: Mondaq.Com - feed of articles on Litigation and Arbitration

Nov 04, 2009

Summary

On October 23, 2009, the Second Circuit definitively ruled in “Aguas Lenders Recovery Group LLC v. Suez, S.A (ALRG)” that U.S. forum selection clauses are enforceable against successors in interest under ordinary principles of contract law – even when the successor is a non-U.S. entity.