02 September 2020
ABLI releases Asian Principles for the Recognition and Enforcement of Foreign Judgments
Singapore, 3 September 2020 — The Asian Business Law Institute (ABLI) today released the Asian Principles for the Recognition and Enforcement of Foreign Judgments (Asian Principles), a set of 13 overarching principles that underpin the recognition and enforcement of foreign judgments in the Asia Pacific.
Authored by leading academics and practitioners with extensive regional exposure, each of the 13 Asian Principles comes with a detailed commentary fully supported by citations, distills the commonalities and differences of the law on foreign judgments recognition and enforcement in 15 countries (all ten ASEAN member states, plus Australia, China India, Japan and South Korea) for its readers, and where appropriate, suggests ways forward for the development of the law in this area.
The first of any such publication anywhere in the world, the Asian Principles serves to promote convergence in this area of the law by facilitating greater portability of judgments within ASEAN and its major trading partners. The hope is that this can in turn facilitate cross-border transactions by reducing legal uncertainties, lowering transaction costs and minimizing associated legal frictions.
The release of the Asian Principles concludes the second phase of ABLI's Foreign Judgments project led by Associate Professor Adeline Chong of the Singapore Management University.
The Asian Principles is available in ebook form here.
Read our full press release here.