Litigating a Russian Bond Default
The Russian invasion of Ukraine, and the sanctions imposed in response by the United States and other governments, have fueled expectations of a Russian sovereign debt default. Despite the Russian government’s recent coupon payments on two dollar bonds and apparent desire to avoid default, prices remain in deeply distressed territory. As often happens in such…
Continue ReadingAn Insightful Post on a Recent Case
Ted Folkman has a post over at Letters Blogatory discussing a case – CDM Smith v. Atasi – decided by the Federal District Court for the District of of Massachusetts in March 2022. The court first considers whether a judgment rendered by the labor courts of Saudi Arabia is enforceable in Massachusetts. It then goes…
Continue ReadingUnited States Signs the Hague Judgments Convention
On March 2, 2022, the United States signed the Convention of July 2, 2019 on the Recognition and Enforcement of Foreign Judgments in Civil or Commercial Matters, better known as the Hague Judgments Convention. This post describes the Convention and next steps.
Continue ReadingA Primer on Foreign Judgments
In the United States, the recognition and enforcement of foreign-country judgments is generally governed by state law. Nevertheless, the law on foreign judgments is fairly uniform throughout the United States because most states have adopted one of two Uniform Acts. These Acts establish a presumption that final, conclusive, and enforceable foreign judgments are entitled to…
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