In September 2022, the BRICS Justices Forum adopted the “Joint Statement of the BRICS Justices Forum”, which shows the consensus that the BRICS countries will keep promoting trade and investment liberalization and facilitation, and further reinforce international judicial assistance.
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.