Hybrid jurisdiction agreements: the legal nature, mechanism of action and risks associated
The article provides an analysis of the features of hybrid jurisdiction agreements in international civil procedure. The legal nature, role, distinctive features, mechanism and classification of such agreements are outlined. The article also covers the main differences between hybrid jurisdiction agreements and classic arbitration and prorogation agreements, taking into account various options for the distribution of the rights of the parties under such agreements and the risks of their invalidation. The author assesses the hybrid jurisdiction agreements in the context of an economic analysis of law and calls them a way to minimize material and procedural risks of creditors associated with the behaviour of bad-faith debtors. Some presumptions for potential trends in the regulation of hybrid jurisdiction agreements at both local and international levels are presented.