Russian Justice Ministry proposes signing of Convention on Recognition of Foreign Judgments
MOSCOW, October 20 (RAPSI) – Russia’s Justice Ministry has asked the Government to pass a recommendation to sign the Convention of 2 July 2019 on the Recognition and Enforcement of Foreign Judgments in Civil or Commercial Matters, the body’s press service informs RAPSI on Tuesday.
The proposal was submitted by the Ministry jointly with the Foreign Ministry and the Supreme Court of the Russian Federation.
Over the last decade Russia’s Justice Ministry in cooperation with its partners from the European Union, USA, China, Brazil, Israel, Canada, the Netherlands, dozens of other states, as well as the Secretariat of the Hague Conference on Private International Law has been working on the text of the Convention adopted and opened for signature last July in the Hague with participation of Russia’s interdepartmental delegation. After the Convention is signed, it is to be ratified by the Federal Assembly of the Russian Federation, the statement reads.
After becoming a party to the Convention, Russia will be able to create conditions for the recognition and enforcement of decisions taken by Russian courts in all member countries of the new Convention, according to the Justice Ministry.
The document has been developed to facilitate international trade on the basis of common rules, the Ministry states.