08 January 2018
ABLI releases first publication
The Asian Business Law Institute’s first publication in its ABLI Legal Convergence Series has been launched, a compendium of country reports entitled “Recognition & Enforcement of Foreign Judgments in Asia”.
The compendium is the output of the first part of ABLI’s project to promote the convergence of the law on the recognition and enforcement of foreign judgments in Asia.
The compendium consists of 15 short and concise country reports which provide lawyers and businesses with an overview of how foreign judgments in civil and commercial matters are recognised in different jurisdictions in Asia and the requirements which would need to be fulfilled for a foreign judgment to be enforced in these jurisdictions.
This is the first time such a study is made covering the laws of the ten ASEAN countries and the major Asian economies of China, India, Japan, South Korea and Australia. The reports are written by legal academics and practitioners from the 15 countries covered by the project. The list of contributors can be found here.
The compendium also acts as a springboard for the next phase of ABLI’s Foreign Judgments Project which will consider whether sufficient areas of commonality exist for convergence in this area of the law and how it may best be achieved. The convergence of the foreign judgment rules in Asia is essential as Asia moves rapidly towards a borderless trading environment, as the greater portability of judgments within Asia will facilitate cross-border transactions by lowering transaction costs and associated legal friction among jurisdictions.
The compendium is freely available here.
Link to the compendium launch flyer here.
Link to the compendium's news release here.