39In that regard, it is common ground that the EU legislature has, in view of their economic power, empowered the policyholder and the insurer to choose the competent court, including by way of derogation from the protective rules of jurisdiction laid down in Section 3 of Chapter II of Regulation No 1215/2012. As is apparent from the report by Mr P. Schlosser, referred to in paragraph 34 of the present judgment, the possibility given to the parties to depart from the general rules on jurisdiction in the context of contracts which subsequently become insurance contracts covering a ‘large risk’ was intended to take account of the fact that, since the companies concerned were powerful undertakings, the parties to the insurance contract were on an equal footing and additional protection for the weaker party was not justified.
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