Cedric Ryngaert
- Published in print:
- 2008
- Published Online:
- January 2009
- ISBN:
- 9780199544714
- eISBN:
- 9780191719943
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199544714.003.0005
- Subject:
- Law, Public International Law
The system of international jurisdiction allows for the exercise of concurrent jurisdiction by more than one State. Especially in the field of economic law, this system may yield unsatisfactory ...
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The system of international jurisdiction allows for the exercise of concurrent jurisdiction by more than one State. Especially in the field of economic law, this system may yield unsatisfactory outcomes. Because restrictive or fraudulent practices may wreak worldwide havoc, several States that have some connection to the practice may start exercising jurisdiction and may claim regulatory primacy. A rule may therefore have to be devised on the basis of which jurisdiction is conferred on the State with a strong, or even better, the strongest link with the matter to be regulated — a rule of jurisdictional reasonableness derived from international comity. This rule has most forcefully been set out in § 403 of the U.S. Restatement (Third) of Foreign Relations Law, although the customary law status of that provision is unclear.Less
The system of international jurisdiction allows for the exercise of concurrent jurisdiction by more than one State. Especially in the field of economic law, this system may yield unsatisfactory outcomes. Because restrictive or fraudulent practices may wreak worldwide havoc, several States that have some connection to the practice may start exercising jurisdiction and may claim regulatory primacy. A rule may therefore have to be devised on the basis of which jurisdiction is conferred on the State with a strong, or even better, the strongest link with the matter to be regulated — a rule of jurisdictional reasonableness derived from international comity. This rule has most forcefully been set out in § 403 of the U.S. Restatement (Third) of Foreign Relations Law, although the customary law status of that provision is unclear.
