Arbitration

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.”  ……

 

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