Evening the playing field – enforcement of arbitral awards vs foreign court judgments

evenEvening the playing field – enforcement of arbitral awards vs foreign court judgments

“Achieving success in a formal legal dispute is only half the battle. Despite a resounding legal victory in a court or arbitration, a business may still lose the war if they are not able to enforce their hard won judgment or award against the defeated party. Many successful disputes have actually resulted in substantive monetary losses for the victorious party because they failed to ensure ahead of time that the judgment or award would be valid in a jurisdiction where the other party has assets.”  ……

 

http://ow.ly/GDl9304N1B6

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s