The Standing International Forum of Commercial Court (SIFoCC) has today (Wednesday 16 December) launched the second edition of its Multilateral Memorandum on Enforcement of Commercial Judgments for Money.
SIFoCC was established in 2017 to bring together the Commercial Court of the world, enabling them to work together to establish best practice in commercial dispute resolution and in doing so, play their part in furthering the Rule of Law.
In the second edition of the SIFoCC Multilateral Memorandum, Commercial Court outline the way in which the judgment of one jurisdiction can be enforced in another. More than 30 jurisdictions have contributed, including new entries from Brazil, Jamaica, Japan, Kenya and South Korea. Existing contributions include the UK, Australia, Canada, France, Germany, Hong Kong, Malaysia, New York, Singapore and jurisdictions across Africa, Asia and the Middle East.
Lord John Thomas, former Lord Chief Justice of England and Wales and Chair of the SIFoCC Steering Group, says in the Memorandum forward: “The importance of this endeavour deserves emphasis. Enforcement of judgments in accordance with the law is a significant part of upholding the rule of law.”
The Memorandum, like all the work of SIFoCC, is the result of a collaborative effort from judges all over the world who see the importance of working together.
An International Working Group formed of judges from across the SIFoCC membership will now start work on establishing the common themes from the Memorandum to produce a commentary, which will be published next year.