Better recognition of civil or #CommercialJudgments between EU countries and global trade partners?

The European Union, represented by the European Commission, along with 39 key trade partners have adopted the Hague Convention on the Recognition and Enforcement of Foreign Judgments in Civil or Commercial Matters. Justice, Consumers and Gender Equality Commissioner Věra Jourová (pictured) said: “The recognition of judgments helps company expand their businesses in our internal market. Extending this system at international level with the Convention will allow European companies to trade more easily in 39 countries around the world.” Once ratified, the Convention will facilitate the access to justice for EU businesses and citizens through the recognition and enforcement of judgments by the courts of signatory countries. For example, if a French court rules that a Chinese company owes money to a French company, the Chinese court will have to recognise and enforce that ruling. The Convention will facilitate trade and investment by improving legal certainty and reducing costs in international trade and international dispute resolution. TheCommission will now start the process of preparing EU accession to the Convention. More information on the Hague Convention on Recognition and Enforcement of Foreign Judgments in Civil or Commercial Matters is available online.

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