7/23/2023 0 Comments Uk quicky![]() What are the 2019 Hague Convention limitations? It therefore provides for a more straightforward recognition and enforcement regime for that wider range of disputes. It also applies to a wider range of disputes. It applies to judgments where there is a non-exclusive jurisdiction clause, including asymmetrical jurisdiction clauses, and so is broader in scope than the 2005 Hague Convention on Choice of Court Agreements (to which the UK has already acceded).Just as the New York Convention has made enforcement of arbitral awards far easier in the over 170 contracting states to it, and is a big appeal factor of arbitration, so this has the potential to introduce something (somewhat) similar for court judgments. If more states ratify it then it has the potential to provide a global framework for the recognition and enforcement of court judgments, reducing the costs and complexities of the current cross-border enforcement process.What are the 2019 Hague Convention advantages? A consultation on the issue of whether it should join has been launched and closes today. Several other states have signed it but not ratified it, including the United States. It will enter into force in all these jurisdictions on 1 September 2023, a year after accession/ratification. It was concluded in 2019 and has been acceded to by 26 of the 27 EU member states (excluding Denmark) and ratified by Ukraine. The Hague Judgments Convention 2019 is an international convention that aims to create a common framework for cross-border recognition and enforcement of court judgments in civil or commercial matters between contracting states. Disputes Quick Read: Why the UK should join the Hague Judgments Convention 2019.
0 Comments
Leave a Reply. |