Last Wednesday, I attended ALM’s Cross-Border Litigation Forum. After the opening remarks, whose theme was that the complexity of cross-border litigation has (unsurprisingly) increased with globalization, we had a keynote address from Franco Ferrari, the Executive Director for the Center for Transnational Litigation and Commercial Law at New York University School of Law. His keynote focuses on Enforcing US Money Judgments Abroad: Debunking a Myth.
Enforcing US Money Judgments Abroad: Debunking a Myth
Ferrari wanted to correct the misconception of what happens to US judgments abroad, and he said that the idea that it’s difficult is "nonsense." Some people believe that you shouldn’t even try to enforce judgments because it’s costly, time-consuming, and foreign courts are corrupt, but Ferrari said that this was also nonsense.