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Court of Justice—Brussels I (recast) and jurisdiction in pure financial loss claims (Vereniging van Effectenbezitters v BP)

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Published on: 04 June 2021

Published by a LexisNexis Dispute Resolution expert

Table of contents

What are the practical implications of this case?
What was the background?
What did the court decide?
Case details

Article summary

Dispute Resolution analysis: The Court of Justice has consistently interpreted the concept ‘the place where the harmful event occurred’ in Article 7(2) as extending to both the place where the event giving rise to the damage occurred and the place where the damage occurred. However, that concept cannot be construed so widely as to encompass any place where the effects of an event, which has caused damage elsewhere, can be felt. Written by David Fisher, a barrister and an associate member of New Square Chambers.

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