GC Agenda China
In the September edition of GC Agenda China, Morrison & Foerster partner Timothy W. Blakely shared his opinions on the Memorandum of Guidance on Recognition and Enforcement of Money Judgments in Commercial Cases recently signed by the Supreme Court of Singapore and the Supreme People's Court.
According to Mr. Blakely: “The much-heralded Memorandum, aimed at enhancing co-operation between Singapore and China as part of the Belt and Road Initiative, is not legally binding. Nevertheless, it provides courts and parties alike with helpful guidance about the standards and procedures for recognising and enforcing commercial money judgments between the two jurisdictions. This guidance is likely to help facilitate greater consistency in the recognition and enforcement of judgments and is a welcome development.”