C. J. Observer
The D.C. Circuit upheld the contempt orders against three Chinese banks on 30 July 2019. For Chinese banks, they have been frequently caught in a catch-22 since Gucci v. Weixing Li: violating Chinese laws to produce documents or be held in contempt for refusing discovery. To some extent, perhaps Chinese banks are going through the worst of times after their entry into the U.S. financial markets.
Dr. Meng Yu, as the panelist of the seminar “Enforcing the Judgment: Convergence of Asian Business Laws to Facilitate Certainty for Investment and Trade” organized by the Asian Business Law Institute (ABLI), Singapore, talked about the portability of judgments in Asia from China’s perspective.
We are endeavoring to collect all Chinese court decisions involving the recognition and enforcement of foreign judgments.
We are endeavoring to collect all Chinese court decisions involving the recognition and enforcement of the International Commercial Arbitration Court at the Chamber of Commerce and Industry of the Russian Federation (ICAC, Международный коммерческий арбитражный суд) arbitral awards.