It has been confirmed that the Hague Judgments Convention (“Convention”) will enter into force following the accession of the European Union (excluding Denmark) and the ratification by Ukraine on 29 August 2022. Under the terms of the Convention, the Convention will enter into force on the first day of the month following the expiry of 12 months after two states formally ratify or accede to it. The Convention will therefore take effect for the EU…
Baker & McKenzie launches a new and expanded edition of the Cross-Border Enforcement Center, a high-level comparative analysis of the enforcement of court judgments and arbitration awards across 44 jurisdictions. At the height of a pandemic, companies around the world are bracing themselves for an increase in disputes, the first signs of which are already starting to emerge. These include disputes over contracts, property and payment defaults, amongst others. As a result, companies are…