From Longman Business Dictionary
jurisdictionjur·is·dic·tion /ˌdʒʊərəsˈdɪkʃənˌdʒʊr-/ noun [uncountableU]LAW the official right and power to make decisions about somethingjurisdiction overThe bankruptcy court now has jurisdiction over the company’s assets.
This matter is outside my jurisdiction.
jurisdiction ofThe firm has now become a joint stock company under the jurisdiction of the Russian republic.
This matter is now within the jurisdiction of the US courts.