In a contract between two international parties, how is jurisdiction and enforcement decided?
In: Other
I don’t know this with 100% certainty, but trade and banking might put pressure on a country to ensure they comply.
If they don’t comply then then other nations will have a trade embargo or stop exporting to that country. And international banks might no longer loan money to that country,
Normally it is stated specifically in the contract, and thus agreed upon by both parties: “This agreement shall be interpreted under the laws of ___ and any disagreement shall be heard in the courts of ___.” Or similar.