Jurisdiction(s):
United Kingdom

UK ratifies 2019 Hague Judgments Convention: recognition of non-exclusive and asymmetric jurisdiction clauses, benefits for finance lawyers, and entry into force on 1 July 2025

Published on: 25 January 2024

Published by a LexisNexis Banking & Finance expert

Legal News

Article summary

On 12 January 2024, the United Kingdom formally put its name to the 2019 Hague Convention on the recognition and enforcement of foreign judgments in civil and commercial matters (the Hague Judgments Convention). This News Analysis examines what the Hague Judgments Convention sets out, and why the UK’s decision to join it is especially significant for Banking & Finance practitioners in particular.

What is the Hague Judgments Convention?

The Hague Judgments Convention establishes a shared framework of rules for recognising and enforcing civil and commercial court decisions originating from States that become parties to it (the Contracting States). The EU and Ukraine are, at present, Contracting States to the Hague Judgments Convention; however, a range of other states have signed, among them the US and, now, the UK. The Tracker—Hague Judgments Convention offers details on whether a jurisdiction has signed the Convention and whether it has taken effect there...

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