A legal insight into the enforcement of foreign judgment in Iraq
Whether a judgment is foreign can be determined by numerous criterias, among which is the geographical crietion adopted by the Iraqi law in 1928 when it was explicitly detailed in Article 1 of the Enforcement of Foreign Judgments Law (number 30 of 1928) (the Foreign Enforcement Law).
This states that ’a foreign judgment is the judgment issued by a court situated outside Iraq’.
Before 1928, foreign judgments were not enforced or recognised because this was seen as an infringement on the sovereignty of the state, an attitude shared by most countries at that time. Views, however, began to change and other considerations became important, such as the preservation of rights regulated under foreign judgments and the importance of not harming commercial interests. As a response to this, many countries — including Iraq — began to permit the adoption and enforcement of foreign judgments issued by non-national courts either by virtue of enacted legislation or through many multinational conventions thatwere entered into for this purpose…
If you are registered and logged in to the site, click on the link below to read the rest of the Al Tamimi & Company briefing. If not, please register or sign in with your details below.
News from Al Tamimi & Company
Briefings from Al Tamimi & Company
Corruption has a detrimental effect on any economy. It creates unfair advantages, anti-competitive practices and a generally unfavorable business environment.
The Libya Herald reported on 16 April 2013 that ‘the IMF confirmed its forecasts on Libya of 20.2 per cent GDP growth in real terms for 2013’.