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PRC Court for the first time Recognizes and Enforces a Commercial U.S. Court Judgment

November 2017 - Mergers and acquisitions. Legal Developments by Han Kun Law Firm.

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Authors: Andy LIAO, Alan LIN

On June 30, 2017, the Wuhan Intermediate People's Court ("Wuhan Court") issued a verdict (the "Case") ordering the recognition and enforcement of a commercial judgment rendered by the Los Angeles County Superior Court, California, USA (“LA Court”). This marks the first time for a PRC court to recognize and enforce a commercial judgment from a U.S. court, which is of landmark significance and is thus noteworthy for all law practitioners and interested parties