Summary
Italian courts do not have jurisdiction over a dispute brought by an Italian company against the representative of a Luxembourg insurance company for payment of future damages that said Italian company may suffer as a consequence of the execution of a ‘ruinous settlement’ entered into by said representative in the United Kingdom as Article 5(3) of Regulation (EC) No 44/2001 – whereby the courts for the place where ‘the harmful event occurred’ have jurisdiction in matters relating to tort – shall be interpreted in the sense that said place is where immediate and direct harm occurred. The different place where further economic consequences arising from the harmful conduct have possibly occurred or will occur is wholly irrelevant.