In a contract between two international parties, how is jurisdiction and enforcement decided?

Question

In a contract between two international parties, how is jurisdiction and enforcement decided?

In: Other

Answer 1

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,