The recognition and enforcement of private judgments in civil
and commercial matters remains to this day, a patchwork of
international conventions, local laws and rules which hinder and
obstruct the efficient enforcement of civil and commercial
judgments and discourage businesses from enforcing their rights at
law in foreign jurisdictions.
The 2019 Convention on the Recognition and Enforcement of
Foreign Judgments in Civil or Commercial Matters (also known as the
"Judgments Convention" or the "Convention"),
adopted by the Hague Conference on Private International Law
(HCCH) on the 2nd July 2019 aims to make this a thing of the past.
The new Convention which has the potential of being a game changer
in cross-border enforcement of judgments, strives to create a
single common and global framework for the recognition and
enforcement of foreign judgments in all the jurisdictions which
will eventually adopt the Convention.