In 2021, Xiamen Maritime Court ruled, based on the principle of reciprocity, to recognize the order of the High Court of Singapore, which designated an insolvency officeholder. The trial Judge shares his view on reciprocity review in applications for recognition of foreign bankruptcy judgments.
Singapore-China Judgments Recognition and Enforcement
In 2021, Xiamen Maritime Court of China ruled to recognize a Singaporean insolvency order in In re Xihe Holdings Pte. Ltd. et al. (2020), providing an example of how Chinese courts recognize foreign bankruptcy judgments based on the principle of reciprocity.
In July 2021, a Chinese court recognized a Singapore judgment based on reciprocity, a key prerequisite that was earlier confirmed by the China-Singapore memorandum on recognition and enforcement of judgments.
"Yes", said a local Chinese court in Li Qiang v. Ding Fengjing (2018). The answer led to the refusal of recognition and enforcement of a Singapore judgment for the matrimonial property.
The case also marks the first time that a Singapore judgment has been recognized in China since the signing of China-Singapore Memorandum of Guidance in 2018.
Chinese courts are going one step further in the recognition and enforcement of foreign judgments in civil and commercial matters.